Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
  • Advertisement

    Palmer says mansion deal backs his bid for $300b in damages

    Subscribe to gift this article

    Gift 5 articles to anyone you choose each month when you subscribe.

    Subscribe now

    Already a subscriber?

    The West Australian government’s decision to slug a Clive Palmer company an extra $322,000 in stamp duty on a house purchase could come back to haunt taxpayers to the tune of billions of dollars as he pursues a damages claim under international trade laws.

    Mr Palmer’s private company Mineralogy bought a mansion in the leafy Perth suburb of Applecross in 2019 for $4.6 million. Now, with jurisdiction a key issue, his Singapore-headquartered Zeph Investments is chasing almost $US200 billion ($299 billion) in damages from Australia in a case related to stalled iron ore projects and “emergency legislation” passed by the WA government.

    Subscribe to gift this article

    Gift 5 articles to anyone you choose each month when you subscribe.

    Subscribe now

    Already a subscriber?

    Read More

    Latest In Mining

    Fetching latest articles

    Most Viewed In Companies