Misplaced Pages

#229770

67-472: China Power Investment Corporation was the parent company of 4 listed companies, China Power International Development , China Power New Energy Development (later became joint-significant shareholder, after China Three Gorges Corporation acquired the share of that company), Shanghai Electric Power and Yuanda Environmental Protection . The group also significantly owned Jilin Electric Power . It

134-626: A "cure" for the disease. The medication would include hydroxychloroquine , which is established in other countries as an anti-malarial drug but is known to have serious side-effects. The Australian drugs regulator, the Therapeutic Goods Administration (TGA), had warned that this drug and its derivatives “pose well-known serious risks to patients including cardiac toxicity potentially leading to sudden heart attacks, irreversible eye damage and severe depletion of blood sugar potentially leading to coma”. The TGA stated that it

201-550: A 3.5-metre (11 ft) tall, 20-metre (66 ft) long T. rex , nicknamed "Jeff". Palmer received full council approval for the park on 25 July 2013, and it was expected to open to the public in 2014. On 14 December 2013, the dinosaur park, now called "Palmersaurus", was opened to the public. Palmer's installation of dinosaurs along the side of the resort's golf course led the Australian PGA Championship to be relocated from it. The Palmer Coolum Resort

268-596: A company which in 2006 had 160 billion tonnes (160 × 10 ^ long tons; 180 × 10 ^ short tons) of iron ore reserves in the Pilbara Ranges , in remote northern Western Australia . In 2008, Palmer bought Waratah Coal. Palmer transferred Mineralogy to New Zealand in December 2018, and moved it again to Singapore in January 2019. Mineralogy has been involved in a long-running dispute with CITIC over

335-583: A director of Dongfeng Motor Corporation instead. The CPI in conjunction with the Burmese government is constructing the Myitsone Dam , a large dam that when completed by 2017 is estimated to produce 3,600 to 6,000 megawatts of electricity for the Yunnan province . China Power International Development China Power International Development Limited ( CPID ), also known as just China Power ,

402-623: A dispute between prominent political figures should never have wasted the court's time and resources. In August 2021, Australian airline Qantas announced that it would require all of its 22,000 employees to be fully vaccinated against COVID-19. In reaction to this, the Palmer Group sold off its entire stake in Qantas. In June 2002, Palmer was appointed adjunct professor of business at Deakin University 's Faculty of Business and Law,

469-752: A full recovery for the majority of unsecured creditors”. Palmer maintained his position that the scheme should never have been triggered by the liquidators in the first place and under the terms of the Settlement Agreement, the Special Purpose Liquidator withdrew all claims the SPL made against Palmer and all of the defendants associated with him.  All parties paid their own costs in the court matter; Palmer personally appeared in court and represented himself. A small number of debt claims against Mineralogy remain in dispute and before

536-531: A notice of arbitration, suing the Commonwealth of Australia for AUD$ 296 billion over the alleged loss of contractual entitlement, “moral damages” and “sovereign risk”, in relation to the iron ore project for which Palmer's company, Mineralogy, had already lost a lawsuit . McGowan responded to the claim saying, "Today we have seen the most deplorable act of greed in Australian history", and "Clive Palmer

603-610: A public backlash on his previous supportive stance. Mark McGowan praised the Commonwealth for its withdrawal and indicated the Western Australian government would continue to fight the case and urging Palmer to withdraw the case labelling him "Australia's greatest egomaniac " and an "Olympic scale narcissist ". As the issues moved to the constitutional level, they came to involve possible conflict between major constitutional principles: parliamentary sovereignty and

670-485: A regular poster of memes on his official Facebook page. The memes often have nonsensical or ironic undertones, and contain reoccurring themes – such as Rupert Murdoch 's control of the media in Australia, contrasting himself with other political figures such as Prime Minister Malcolm Turnbull , or paying homage to Tim Tam packets and his pet "Grog Dog". Palmer was once required to provide an affidavit explaining

737-610: A role he held until 2006. During that time, he delivered a series of lectures as part of Deakin's MBA residential programs. In 2008, Palmer was appointed adjunct professor of management at Bond University on the Gold Coast . In December 2012, Palmer was appointed joint secretary general of the World Leadership Alliance, a new democracy-promoting council that included former US president Bill Clinton and Myanmar 's opposition leader Aung San Suu Kyi . Palmer

SECTION 10

#1732772624230

804-524: A royalty payment. Mineralogy and CITIC entered into an agreement in 2006 to develop some of the iron ore reserves Palmer owns. In November 2017, Justice Kenneth Martin of the Supreme Court of Western Australia awarded Mineralogy nearly $ 200 million. Palmer said the decision was "a win for Australian law over Chinese Communist government powerhouses". As of May 2019, CITIC was suing Palmer and he had counter-sued them for $ 5 billion. In August 2020,

871-541: A shipyard had yet to be selected. Citing the COVID-19 Pandemic as a major factor, prior plans for the ship did not push through, while promising the contract tender for the construction released and signed by June and December 2024, respectively. In March 2020, as the COVID-19 pandemic was spreading in Australia , Palmer placed a prominent media advertisement offering to personally fund one million doses of

938-558: A tweet sent out during a hearing on 1 December 2017. In September 2019, Palmer threatened to sue internet comedian Jordan Shanks for $ 500,000 for defamation relating to a YouTube video posted before the May 2019 election . The video created by Shanks called Palmer a "dense Humpty Dumpty" and a profane nickname that stated Palmer was a "Fatty McFuckhead". Shanks responded that he had not defamed Palmer and being required to prove his claims in court would not help Palmer. In September 2023,

1005-416: A widespread backlash and only 2,616 fans attending the next home game, and the intervention of Football Federation Australia (FFA), the idea was scrapped. On 29 February 2012, Ben Buckley and Frank Lowy announced that Palmer's licence for Gold Coast United FC was to be revoked for constant breaches of FFA rules and regulations and sought to pay out the contracts of the players for the remaining month of

1072-481: Is a Chinese electric power company incorporated in Hong Kong in 2004. The former ultimate parent company China Power Investment Corporation (CPI Group), a Chinese state-owned enterprise also has the initials "CPI" but in the case of the parent company the "I" stands for "Investment" ( 投资 ) not "International" ( 国际 ). State Power Investment Corporation (SPIC) became the new parent company of CPID after CPI Group

1139-469: Is named Blue Star Line. During the first half of 2015, evidence accumulated strongly suggesting that the project had been abandoned. The Blue Star Line trademark was listed as "abandoned". No construction had been ordered in the Chinese shipyard identified as the likely building site with the workers highly skeptical that the project would ever move beyond the proposal stage. In May 2016 it was reported by

1206-471: Is the greediest man in Australian history". The Attorney-General , Mark Dreyfus , said that the Commonwealth will "vigorously defend" the suit. In 2009, he bought Queensland Nickel and the Palmer Nickel and Cobalt Refinery after BHP was going to close the refinery. In the first year after purchasing the refinery, Palmer gifted staff 50 Mercedes Benz cars and thousands of overseas holidays after

1273-732: The A-League . In 2012, after the FFA revoked his Gold Coast United A-League licence, Palmer founded Football Australia – a competing organisation for the sport of football in Australia. In February 2013, at a press conference in New York, Palmer announced plans to build a modern-day replica of the liner RMS  Titanic . It was planned that Titanic II would be built in China and make its maiden voyage from Southampton to New York City in 2016 (later postponed to 2018). Palmer hoped to recreate

1340-657: The Federal Court dismissed a claim against the Australian Electoral Commission by Palmer and United Australia senator Ralph Babet that the ballot paper planned for the forthcoming constitutional referendum on an Indigenous Voice was unacceptably flawed, although that design had been used for referendums over several decades. Palmer was active in the Liberal Movement headed by former Premier of South Australia Steele Hall in

1407-621: The Gold Coast , where he attended Aquinas College and Southport State High School , although he also attended Toowoomba Grammar School for a short time. Palmer's father, George, was a travel agent, and the family travelled the world extensively. George Palmer was also the proprietor of the Akron Tyre Co and the Akron Broadcasting Co and was the founder of Melbourne broadcasting station 3AK (now operating as SEN 1116 ). Palmer studied law, journalism and politics at

SECTION 20

#1732772624230

1474-879: The Stock Exchange of Hong Kong (as Hong Kong had a separate jurisdiction from the Mainland). The fifth of the Big Five China power groups, Guodian Group has a listed subsidiary in Shanghai. As of 31 May 2018 , the market capitalization of China Power International Development was HK$ 21.379  billion . China Power International Development Limited was incorporated in Hong Kong in 2004. Its predecessor and direct parent company, another Hong Kong incorporated company, China Power International Holding Limited ( Chinese : 中國電力國際有限公司 ; lit. 'China Power International Co.', 'Ltd.'),

1541-603: The Titanic as closely as possible to its familiar external and internal appearance. According to Palmer, the Titanic II would be 883 feet (269 m) long, weigh 55,800 long tons (56,700 t) gross , and carry 2,435 passengers and 900 crew. Palmer said the Titanic II would honour the memories of those who died and survived on the Titanic . The Titanic was operated by the White Star Line and Palmer's company

1608-795: The University of Queensland from 1973 to 1975, but did not finish the course. He later completed a Diploma of Law through the Queensland Bar Board, and worked as a clerk and interviewing officer for the Public Defender's Office. During the early to mid-1980s, Palmer was a real estate agent. He did well from the property boom on the Gold Coast , and he "retired" at the age of 29. In 1985 and 1986 Palmer founded three companies which undertook mining exploration in Western Australia (WA). These included Mineralogy ,

1675-544: The WA Parliament passed an emergency bill to block a legal claim against the government by Palmer, relating to Mineralogy. WA Attorney-General John Quigley estimated the claim as totalling $ 30 billion, which he described as "rapacious" and equivalent to the annual budget of WA. Palmer denied that estimate and mounted a challenge in the Federal Court to the legislation as unconstitutional. On 28 March 2023, Palmer's Singapore -based company, Zeph Investments, filed

1742-621: The rule of law . On 6 November 2020, the High Court upheld the legislation. Challenges to the constitutionality of amendments to the Act made in 2020 failed in the High Court on 13 October 2021. In this context, Palmer sued McGowan for defamation and McGowan counter-sued Palmer for defamation. The Federal Court found on 2 August 2022 that each had defamed the other, awarded each a relatively small amount in damages and warned that such

1809-681: The "agreement" appeared in Resourcehouse's pre- IPO prospectus. China Power Investment Corporation was merged with the State Nuclear Power Technology Corporation to form the State Power Investment Corporation in 2015. China Power Investment Corporation is involved in the development of renewable energy projects. As of 2014, the deputy general manager of China Power Investment Corporation (CPI Group) Li Xiaolin ,

1876-596: The 1970s. He joined the Queensland division of the Nationals in 1974, having been influenced by the policies of Joh Bjelke-Petersen , Premier of Queensland at the time. From the early 1980s, he was involved in state politics, serving as the National Party's campaign director during the 1983 state election and as media spokesman during its 1986 election campaign, both of which were successful. Palmer

1943-575: The COVID-19 pandemic continued, a Queensland radio network stopped playing an advertisement from Palmer that had stated: The TGA had warned the network and Palmer that this was seriously misleading to the public: the figure of 210 deaths a few days or weeks after vaccination was statistically normal; only one of those deaths could be linked to the vaccination itself. The same month, it was reported that Palmer had sent letters to households across Australia urging against vaccination for COVID-19, based on

2010-591: The Corporation Act in relation to an attempt to take over timeshare villas at the resort in 2012. Palmer has stated that the charges are an attempt to stop him standing for election. Palmer purchased the Gold Coast United football club in 2008. In October 2009, he made a decision to cap attendances of Gold Coast United home games at Skilled Park stadium to 5,000, in a bid to save money by avoiding transport subsidies on crowds over 5,000. After

2077-553: The Liberal National Party. His membership of the party had been suspended on 9 November 2012, following his comments on the actions of state government ministers. He was re-instated to the party on 22 November, but resigned the same day. In March 2012, Palmer accused Drew Hutton and Greenpeace of receiving funding from the CIA , due to Hutton's involvement in the preparation of a Greenpeace strategy titled "Stopping

China Power Investment Corporation - Misplaced Pages Continue

2144-867: The Palmer Coolum Resort on the Sunshine Coast , Palmer Sea Reef Golf Course at Port Douglas , Palmer Colonial Golf Course at Robina , and the Palmer Gold Coast Golf Course, also at Robina. He owned Gold Coast United FC from 2008 to 2012. Palmer created the Palmer United Party in April 2013, winning the Sunshine Coast seat of Fairfax in the 2013 Australian federal election and sitting as an MP for one term. In 2018, after formally deregistering

2211-587: The Senate. The party was formally deregistered again in September 2022. Palmer has frequently been involved in legal cases relating to his businesses, and once listed litigation as one of his hobbies in Who's Who . He at times has been involved in complex cases, and journalist Hedley Thomas has written that Palmer's "lawyers take legal steps, presumably on his instructions, that prolong litigation and rack up costs for

2278-538: The administrators for an insolvent Palmer company, Queensland Nickel, that no significant money had been spent on the development of Titanic II in over two years. On 27 September 2018, in a press release on its official web site, the Blue Star Line announced that work on the project would recommence. On 13 March 2024, Palmer held a press conference to announce his revival of the Titanic II project. He anticipated that construction would begin in 2025, although

2345-647: The app, calling it sexist, while referring to his weight in an opinion poll with an option saying "We should have one for big Clive Palmer". On 4 March 2012, Palmer was named, amid controversy, as a National Living Treasure by the New South Wales Branch of the National Trust of Australia . In 2015, Palmer donated a house, car and food to victims of a house fire in Beenleigh that saw their son tragically lose his life. Palmer has been

2412-482: The big five power groups, China Huaneng Group , China Huadian , China Datang , China Guodian and China Power Investment). China Power International Holding became a subsidiary of newly formed China Power Investment Corporation instead. In the same year the former leader of the State Power Corporation of China, Gao Yan had fled China after being investigated for corruption. The formal approval of

2479-526: The courts. Palmer claimed that the settlement of the debts had left him “vindicated”. “Today's settlement confirms the actions against me were nothing more than a witch-hunt designed to smear my good reputation”, Palmer said. Palmer purchased the Coolum Hyatt Resort in 2011. He later announced plans to build a park featuring animatronic dinosaurs there. Palmer ordered more than 160 animatronic dinosaurs, which included an initial shipment of

2546-406: The deputy general managers, Meng Zhenping ( Chinese : 孟振平 ) was remained in the successor State Power Investment Corporation in 2015 after the merger as general manager, while Li Xiaolin was re-appointed to China Datang Corporation . The remaining 5 deputy general managers of CPI Group, 3 of them were remained in the successor in 2015; which Zou Zhengping ( Chinese : 邹正平 ) was appointed as

2613-515: The discredited death figures. This was reported again in July, and that Palmer had disregarded a further warning from the TGA. Palmer had requested that his name and logo be printed on the doses of donated hydroxychloroquine. The Department of Health denied Palmer's request. In July 2020, Palmer claimed that the closing of the borders by the Western Australian government owing to the COVID-19 pandemic

2680-422: The formation of China Power Investment Corporation was on 2 February 2003, at first it had 5 wholly owned first-tier subsidiaries. The formation date on the legal person certificate was on 31 March 2003. The new group made one of its first acquisition in July 2003, acquiring a minority stake of Companhia de Electricidade de Macau (CEM) via CPI Group's subsidiary China Power International Holding (CPI Holding). CEM

2747-509: The highest of any of the Chinese IPPs. This protects the company from the costs of coal power in China , and makes its overall profile cleaner. Clive Palmer Defunct Defunct Clive Frederick Palmer (born 26 March 1954) is an Australian businessman and former politician . He has iron ore , nickel , and coal holdings. Palmer owns many businesses such as Mineralogy, Waratah Coal, Queensland Nickel at Townsville ,

China Power Investment Corporation - Misplaced Pages Continue

2814-466: The other side" which can result in his opponents being unable to continue their case due to a lack of resources. Palmer has argued that the litigation he is involved in is justified as it rights wrongs. Palmer also attempted to use litigation as a gag order against his workers in his now defunct Queensland Nickel refinery, promising to pay the money he owed them only if they agreed not to make any disparaging comments about him. As of May 2023 , Palmer

2881-600: The party on 5 May 2017, Palmer revived his party as the United Australia Party , announcing that he would be running candidates for all 151 seats in the House of Representatives and later that he would run as a Queensland candidate for the Senate . In the 2019 federal election , despite extensive advertising, he and his party won no seats. His party later contested the 2022 federal election , and won one seat in

2948-483: The refinery turned a huge profit. On 18 January 2016, Queensland Nickel entered voluntary administration . Palmer declined to pay the entitlements of workers who lost their jobs when Queensland Nickel closed, stating that "I have no personal responsibility, I retired from business over three years ago". He also blamed the administrators for sacking the workforce. This forced the Federal Government to cover

3015-641: The refinery's workers, and not him. The Canberra Times reported that 218 workers were made redundant shortly before the operation was placed into voluntary administration. In August 2019 Palmer reached a settlement two weeks into a trial in the Queensland Supreme Court , understood to total $ 110m. He agreed to repay the federal government for the entitlements it has already paid under the Fair Entitlements Guarantee (FEG), “all other outstanding employee entitlements, and

3082-553: The sale of the product”. However, the President of the Royal Australian College of General Practitioners, Harry Nespolon, warned that trials of the drug were still ongoing and were "not looking particularly promising”. He was also concerned that "people may think that a cure is imminent and be lulled into a false sense of security so that they don't exercise social distancing responsibilities”. In June 2021, as

3149-412: The season. Lowy stated that he acted to protect the integrity of the sport. However, Palmer stipulated that he would contest the decisions through legal action and claimed Lowy was a dictator. Despite a ruling ordering the removal of "Freedom of Speech" logos on team shirts, Palmer indicated they would remain. On 2 March 2012, Palmer lost his Supreme Court bid against Gold Coast United's expulsion from

3216-465: The then Deputy Prime Minister and Treasurer . However, in July that year, he announced his intention to seek preselection for a different seat, including possibly the Division of Kennedy , held by Bob Katter of Katter's Australian Party (formerly sitting as a National and an independent ). Several months after announcing his intent to seek preselection, Palmer resigned his life membership of

3283-504: The workers' entitlements. In April 2019 Palmer announced that he intended to re-open the Queensland Nickel refinery and pay the $ 7.16 million still owed to workers following the 2019 federal election . The Special Purpose Liquidator of Queensland Nickel stated that Palmer's offer was inadequate as it did not cover the money owed to small businesses and was unclear whether he would repay the Federal Government. The Liquidator

3350-715: Was unconstitutional and challenged the WA legislation in the Federal Court . In response the Western Australian Premier Mark McGowan labelled Palmer an enemy of the state . Palmer also claimed that the border closure would "destroy the lives of hundreds of thousands of people for decades" and compared the death toll of COVID-19 with that of road accidents and influenza . By August, the Prime Minister of Australia Scott Morrison withdrew support of Palmer's legal challenge after receiving

3417-538: Was a backer of the aborted " Joh for Canberra " campaign, which attempted to get Queensland Premier Bjelke-Petersen elected as Prime Minister of Australia at the 1987 federal election . Palmer was elected to life membership of the party in 1992, which he retained after the state branches of the Nationals and Liberal Party merged to form the Liberal National Party of Queensland in 2008. Palmer

SECTION 50

#1732772624230

3484-580: Was also the chairman China Power International Holding, chairman and CEO of the listed subsidiary China Power International Development and chairman of associate company China Power New Energy Development . She is the daughter of Li Peng , former Premier of the People's Republic of China from 1988 to 1998, who also served as the Ministry of Power Industry  [ zh ] in 1981 to 1982 as well as vice-minister from 1979 to 1981. His son, Li Xiaopeng ,

3551-412: Was an unsuccessful republican candidate at the 1997 Australian Constitutional Convention election , heading the eleven-member "Elect the President" ticket. The group polled 1.7 percent of first-preference votes in Queensland. In late April 2012, Palmer announced that he would contest Liberal National Party preselection for the Division of Lilley at the 2013 federal election , held by Wayne Swan ,

3618-753: Was considering legal action against Palmer. Other experts also criticised Palmer, concerning safety as well as the ethics of potentially producing a shortage of the drug in countries where it is needed to combat malaria. However, it was later confirmed that the federal health department planned to import hydroxychloroquine for emergency use, with a written agreement for partial funding by Palmer. On 28 April, Palmer placed further prominent advertisements in News Corp media, claiming to have purchased 32.9 million doses of hydroxychloroquine. The TGA stated that no action would be taken with respect to either set of advertisements, since they were "assessed as not intended to promote

3685-429: Was founded in 1994. It is ultimately controlled by the State Power Investment Corporation (previously China Power Investment Corporation ), one of the five large national power generating groups that were administered by the State-owned Assets Supervision and Administration Commission of the State Council. CPID is engaged in developing, constructing, owning, managing and operating large power plants in China. CPID

3752-516: Was incorporated in 1994 in the British Hong Kong as a special-purpose vehicle that was formed to finance the Ministry through international capital market. In 1998 CPIH became a subsidiary of a mega-conglomerate, the State Power Corporation of China , which replacing the commercial function of the Ministry. In 2002, the State Power Corporation of China was dismantled as groups of companies of power grid (such as State Grid Corporation of China and China Southern Power Grid ) and power plants (such as

3819-478: Was listed in the Stock Exchange of Hong Kong on 15 October 2004. It was the only red chip company among the big 5 electric power generation companies of the Mainland China, the other three were H shares companies as well as dual listed in the Mainland China. The last listed subsidiary, was listed only in the Mainland China stock exchange. In 2009 CPID acquired 63% equity interests in Wu Ling Power making hydroelectric power 18.73% of its total installed capacity,

3886-442: Was merged with another state-owned enterprise. CPID is one of several Hong Kong listed subsidiaries of five national power generating groups in the Mainland China. Huadian Group , Huaneng Group , and Datang Group also have Hong Kong listed subsidiaries, in each case with the word "International" added to the title. CPID also a red chip company, a term for foreign incorporated listed company with Chinese government background in

3953-415: Was merged with the State Nuclear Power Technology Corporation to form the State Power Investment Corporation in 2015. The predecessor of China Power Investment Corporation , China Power International Holding Limited ( Chinese : 中國電力國際有限公司 ; lit. 'China Power International Co.', 'Ltd.'; CPIH), was a "window company" of the Ministry of Power Industry  [ zh ] that

4020-480: Was mothballed in 2015 due to low occupancy rates, with 600 people losing their jobs over the period after Palmer purchased the complex. In 2017, the ABC reported that "once regarded as one of south-east Queensland's most prestigious resorts, the site is a shadow of its former self and has been the centre of a legal battle between retirees who own villa shares and Clive Palmer". In 2018 the Australian Securities and Investments Commission charged Palmer with violations of

4087-432: Was named president of the alliance's business chapter, the World Economic Council. In December 2012, on Christmas Day, Palmer hosted a buffet lunch for 650 disadvantaged people, mostly children and their families. In July 2013, Palmer was referred to in an iPhone application as making light of Australian Prime Minister Julia Gillard by having sandwiches thrown at her. News Corp Australia publications were critical of

SECTION 60

#1732772624230

4154-457: Was never materialized. In 2007, CPI Group was one of the founders of State Nuclear Power Technology Corporation . At first CPI Group owned 10% stake. In 2010, it was reported that Resourcehouse , a private company owned by Australian businessman and politician Clive Palmer , had signed an agreement to supply coal to China Power Investment Holding for 20 years. However, China Power Investment Corporation and subsidiaries had denied. Nevertheless,

4221-416: Was reported that the group was the only one among the big five, had a license to run nuclear power plants in China, which the other licensee were state-owned nuclear power companies. In 2005 China Power Investment Holding formed "China Hong Kong Power Development", a joint-venture company with Vertex Group and China Southern Power Grid for the preparation of electricity supply to Hong Kong. However, it

4288-423: Was seeking $ 200 million from Palmer, other individuals and related entities, with a trial to take place from July 2019. The Australian Government was also seeking to recover $ 70 million from Palmer personally to meet the costs of the payments it made to Queensland Nickel workers through the same trial. Palmer stated in April 2019 that the administrators should repay the government as they were responsible for sacking

4355-406: Was the CEO of China Huaneng Group . Li Xiaolin joined China Power Investment Holding, the predecessor of China Power Investment Corporation at the date of foundation in 1994. The last general manager of CPI Group was Lu Qizhou  [ zh ] who retired after the merger, despite still served as a member of the national committee of Chinese People's Political Consultative Conference . Among

4422-429: Was the electricity producer as well as supplied the electricity to the end user in Macau S.A.R. , China. Soon after the formation of China Power Investment Corporation as the new parent company, China Power International Holding formed China Power International Development on 24 March 2004 as another intermediate holding company of the group to list some assets to the Stock Exchange of Hong Kong on 15 October 2004. It

4489-404: Was the fifth richest Australian, when The Australian Financial Review assessed his net worth at A$ 23.66  billion on the 2023 Rich List . Palmer was born on 26 March 1954 at Footscray Hospital in Footscray , a suburb of Melbourne , Victoria . He spent his early years in the nearby suburb of Williamstown . His family moved to Queensland in 1963, and Palmer was largely raised on

#229770