DHAKA: Australia`s most populous state New South Wales Premier Barry O`Farrell has announced his resignation after failing to declare a gift of A$3,000 ($2,800; £1,680) wine.

Barry O`Farrell admitted to a "massive memory fail" after telling a corruption inquiry that he never received the wine, reports BBC.                

He said that he could not remember calling businessman Nick Di Girolamo, who sent him the gift in 2011.      

He acted after investigators unveiled a handwritten thank you note from him.

BDST: 1205 HRS, APR 16, 2014