Former NSW Labor boss Jamie Clements admits he arranged for billionaire Huang Xiangmo to meet Bill Shorten in 2015 because there was a "price or amount paid for influence".
But he insists he sought to cultivate the Chinese property developer to obtain donations for federal Labor, not for the NSW branch of the party.
Mr Clements on Friday underwent a third and final day of Independent Commission Against Corruption questioning after admitting on Thursday he hosted Mr Huang and interpreter Tim Xu in his Sydney office on April 7 in 2015.
Mr Huang is accused of being the true source of $100,000 in cash donations to the March 2015 Chinese Friends of Labor dinner, hidden via 12 donors.
Almost all of the 12 contributors have now outed themselves as "straw donors".
Mr Clements said Mr Huang requested to meet then federal opposition leader Mr Shorten two days before the $100,000 was banked by Labor in April 2015.
He said he was happy to oblige Mr Huang's request and arranged for him to lunch with the former ALP leader on April 21 at a Chinatown restaurant.
When quizzed by lawyers representing NSW Labor community relations director Kenrick Cheah on Friday, Mr Clements admitted he wouldn't grant a meeting with Mr Shorten to anyone off the street.
He said he facilitated the pair's contact in the hope Mr Huang would donate generously to Labor in the 2016 federal election campaign.
ICAC chief commissioner Peter Hall QC suggested Mr Clements' admission implied there was a "price or amount paid for influence" of political figures.
"Commissioner, I have to say that's correct," Mr Clements replied.
"He donated $500,000 to the 2013 (federal) election campaign and was the sort of person who could donate that much, or more, in the future."
Mr Huang's desire to meet Mr Shorten, a Victorian, stemmed from his wish to organise a meeting between a Chinese delegation and Victorian premier Daniel Andrews, ICAC has previously heard.
Mr Clements, who stood down as party general-secretary in 2016, has been accused of accepting the $100,000 cash from Mr Huang in an Aldi plastic shopping bag before handing it on to Mr Cheah for processing before its deposit on April 9.
He denied he accepted the $100,000 cash as the cost of arranging the meeting with Mr Shorten or that he used the introduction as a ruse to acquire the cash.
"Proximity to power is something that Mr Huang is interested in," he said.
Mr Clements on Friday also confirmed Mr Cheah on April 9 had been told he would no longer work at Labor's Sussex Street headquarters and would be sent to NSW parliament to work for MLC Shaoquett Moselmane.
Mr Clements on Thursday said he couldn't recall discussing donations with Mr Huang on April 7 and insisted Mr Cheah oversaw CFL fundraising efforts.
He said on Wednesday he was given $35,000 cash in a wine box by Mr Huang at his Mosman mansion with a letter explaining the money was for legal bills in relation to his late-2015 sexual harassment scandal.
He told the inquiry he never told the party about the "personal gift", saying he had stepped aside as general secretary at the time and didn't expect to return.
Mr Clements said he could see there was a risk the gift placed him in "a position of compromise" but said he didn't feel that risk.
He admitted on Friday he failed to rectify lax procedures in the NSW Labor office around donations, documentation and command structures.
"The donation system is something that leads, when there are big donations, to people having access and all sorts of special treatment, and I do think that's a problem," Mr Clements told reporters outside the hearing.
Australian Associated Press