Billionaire Aussie miner moves businesses to NZ in 'quixotic' CER gambit

Tue, 22 Jan 2019

By Pattrick Smellie Jan. 22 (BusinessDesk) - Billionaire Australian mining magnate and political maverick Clive Palmer has shifted his empire's legal incorporation to New Zealand in preparation for a possible bid to sue the West Australian government for A$45 billion for alleged expropriation of mining rights. Palmer told The Australian newspaper his plan was to use the investment treaty between Australia and New Zealand, signed in 2010 to extend the Closer Economic Relations free trade agreement, to mount an action against the state gove...

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