Clive Palmer ordered to pay $13m after claim of being ‘foreign investor’ in Australian mining project thrown out
NegativeWorld Affairs

Clive Palmer, the Australian mining magnate, has been ordered to pay $13 million after his claim of being a 'foreign investor' in a mining project was dismissed. The Attorney General clarified that Palmer does not qualify as a foreign investor and thus is not entitled to benefits under Australia's free trade and investment agreements. This ruling is significant as it underscores the legal boundaries surrounding foreign investment in Australia, potentially impacting other investors and the mining sector.
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