Mike Baird announces he will quit politics


NSW Premier Mike Baird has announced he's quitting politics.

Mr Baird announced on Thursday just after 9am that it was time to hand over the reins to a new premier for the state.

"Serving as premier of NSW has been a tremendous honour, but I have made clear from the beginning that I was in politics to make a difference, and then move on. After 10 years in public life, this moment for me has arrived," he said in a statement.

He said a new premier will be appointed next week.

"Next week there will be a Liberal party-room meeting and a spill of leadership positions. Following that meeting, I will resign from parliament, effective immediately."

"I am immensely proud of what Barry O'Farrell and I - together with Andrew Stoner, Troy Grant, John Barilaro and our teams - have achieved over the past six years," he said.

Mr Baird will hold a media conference in Sydney at 10am.

© AAP 2017

Image credit : (AAP Image/Paul Miller)