Freeze burning Palmer
CLIVE Palmer says an application by Queensland Nickel liquidators to freeze his assets is impacting his businesses, with creditors and clients spooked, forcing him to let go of staff.
The resources magnate yesterday told the Brisbane Supreme Court the application cast doubt about the viability of his businesses and put the jobs of hundreds of people at risk.
The taxpayer-funded liquidators of QN launched the bid in August to have Mr Palmer’s assets frozen as part of a lawsuit to claw back money owed to the Federal Government after the refinery collapsed in 2016 with $300 million in debts and costing almost 800 jobs. Mr Palmer said the proceedings had seen memberships at his golf clubs drop, causing him to dismiss about 20 staff.