Palmer fails in bid to keep assets a secret

CLIVE Palmer has two weeks to disclose his personal assets to Queensland Nickel’s liquidators after he lost a bid to delay the court order.

It was the latest legal blow for the mining magnate (pictured), who must now hand over the value and location of his interests by July 11.

Barrister Kris Byrne told the Queensland Court of Appeal yesterday the disclosure of Mr Palmer’s assets would “irretrievably” prejudice him.

“The information is of its nature, private information,” he said, adding it could be used by liquidators in the future.

The order was part of a Supreme Court decision in May to freeze more than $500 million of Mr Palmer’s personal and business assets until legal proceedings between him, his businesses and liquidators were finalised.

Justice Robert Gotterson said he was not persuaded the mining magnate would be disadvantaged by disclosing his assets.