ALMOST every inch of Clive Palmer's business empire is in the firing line of a massive taxpayer-funded lawsuit, including a whopping $67 million debt from his controversial Coolum resort.

The lawsuit, lodged in the Brisbane Supreme Court, has broken down the expenses Queensland Nickel footed for the resort - from a $3787 bill for "dinosaur balls" at the infamous Palmersaurus ­attraction, to more than $1 million in legal fees.

Former politician and mining magnate Clive Palmer arrives at a press conference in Canberra, Thursday, Nov. 10, 2016.Clive Palmer has returned to Canberra ahead of a High Court challenge to laws that can require people who have not been charged to appear in court and to answer questions. (AAP Image/Mick Tsikas)
Former politician and mining magnate Clive Palmer arrives at a press conference in Canberra, Thursday, Nov. 10, 2016.Clive Palmer has returned to Canberra ahead of a High Court challenge to laws that can require people who have not been charged to appear in court and to answer questions. (AAP Image/Mick Tsikas)

The Government-appointed liquidators are seeking up to $350 million from Mr Palmer's businesses to pay back debts allegedly owed to QN, which collapsed last January with a $300 million creditor bill and 800 job losses.

Mr Palmer, whose wealth was estimated at $344 million in May, is also being chased for about $300 million personally to pay his own debts to QN and as compensation for allegedly breaching his duties as a ­director.

Yesterday, he released a statement from his overseas cruise slamming the lawsuit as "just a desperate attempt for the Government to act for political purposes".

More at The Courier-Mail

News Corp Australia


SGBR tourism outshines Gold Coast with visitor numbers

SGBR tourism outshines Gold Coast with visitor numbers

Tourism numbers, spending on the rise.

UPDATE: Biloela family's deportation appeal rejected

UPDATE: Biloela family's deportation appeal rejected

Friends of Biloela family call for their release

Calliope man's doll collection is taking over his house

Calliope man's doll collection is taking over his house

His house is filled with dolls and bears - what's a man to do?

Local Partners