Less than a fortnight before resumption of a corruption inquiry examining its election funding activities, the NSW Liberals have launched a new forum to raise political donations.

The Federal Forum was registered as a business name with the Australian Securities and Investment Commission on Wednesday.

On indefinite leave: Paul Nicolaou. Credit:Rob Homer

It is understood the new body will replace the discredited Millennium Forum, which gained notoriety during recent public hearings at the Independent Commission Against Corruption.

In public hearings in May, ICAC heard that senior Liberal Party officials used the Millennium Forum and another Liberal-linked entity, the Free Enterprise Foundation, to funnel prohibited donations, including from property developers, into the 2011 NSW election campaign.