This has been going on for decades.
My understanding is if you are convicted of an indictable offence you cannot sit in the Parliament. That's the reason nothing happened here - there would have to be another appointment.
Here's a fairy tale. Once upon a time there was an ambitious person found guilty of an indictable offence. The judge never handed down a verdict - the person later became a State Premier. The case could not be referred to by the Press as the person was never "convicted". He sure looked after his mates, and others mates as well! And they all lived happily everafter.
Bob

