AdvertisementPoliticsFederalCourts Clive Palmer loses last-ditch attempt to sue Australia for $300b Brittany Busch August 5, 2026 — 11:23am Save You have reached your maximum number of saved items. Share A A AMining billionaire Clive Palmer has failed in a last-ditch effort to classify himself as a foreign investor so he could sue Australia for almost $300 billion. Palmer’s company had sued the Commonwealth for $300 billion in damages. Dominic Lorrimer The case centred around Palmer’s Singapore-based company, Zeph Investments, which had sued Australia for $296 billion in damages after a mining proposal in Western Australia was blocked under emergency legislation in 2020. Palmer, a former Australian federal politician, argued the government had breached the ASEAN-Australia-New Zealand Free Trade Agreement in scuttling the proposed iron ore project in the Pilbara.