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The Guardian - AU

National

Paul Karp Chief political correspondent

Clive Palmer’s company plans to sue Australia in fresh claim, budget papers reveal

Clive Palmer Australia Zeph Investments Guardian Australia Mineralogy

Australian businessman Clive Palmer — Budget papers have revealed Clive Palmer’s company Zeph Investments has given notice it intends to seek arbitration over a new investor-state claim. Photograph: Joel Carrett/AAP

Clive Palmer’s company Zeph Investments has given notice it intends to sue Australia in a fresh case in addition to an existing $296bn claim, with a potential third claim in the works.

The two new prospective claims are revealed in budget papers, released on Tuesday.

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