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Liquidators Apply To Freeze Clive Palmer's Assets

Gov trying to claw back $70m

Liquidators Apply To Freeze Clive Palmer's Assets

Pic: Twitter 

An application has reportedly been filed to freeze $200 million of assets belonging to mining magnate and ex-politician Clive Palmer.

Government appointed liquidators have been brought in, in a bid to stop the big spender from splashing out before the government gets back the $70 million it paid out to dumped Queensland Nickel workers.

Employees at the refinery were left without entitlements when the company went bust last year.

Clive's asset portfolio includes:

- More than a dozen Queensland properties, among the most expensive is Level 8 office in Brisbane City, which is currently for sale. It was bought for $15.45 million in 2013.
- Four golf resorts, including the prestigious Palmer Coolum Resort on the Sunshine Coast which contains the Palmersaurus Dinosaur Park.
- Several vintage cars
- 30 metre super yacht 'Maximus', which was worth $5.5 million in 2009.
- Shareholdings in 7 companies: 100% in Nickel House Nickel Processing, Nickel Consolidated, Palmer Leisure Australia, Palmer Leisure Coolum, Cart Provider ; 99% share in Closeridge Pty Ltd.

Hopefully they'll leave him some dough to buy his beloved Tim Tams.