New South Wales ALP leader John Robertson moved to have Mr Obeid suspended after the ICAC hearing yesterday heard that taxpayers had missed out on tens of millions of dollars due to a scheme designed to benefit Mr Obeid's family.
Former premiers Nathan Rees and Morris Iemma are due to give evidence at the inquiry today.
Neither man is accused of any wrongdoing, but both have been critical of the power wielded by Mr Obeid during their premierships.
Yesterday the opening day of the inquiry was told that corruption in the state could have been at a level "unexceeded since the days of the Rum Corps".
In a dramatic opening address, Counsel-Assisting Geoffrey Watson SC told the hearing that Mr Obeid and his family may have made $100 million from former mining minister Ian Macdonald's decision to open a mining area in the Byalong Valley.