Clive Palmer Announces Political Comeback Under New Party Name

It will be a "significant milestone" for Australian politics, according to Palmer.

What you need to know
  • Clive Palmer has relaunched the Palmer United Party (PUP) under the name The United Australia Party
  • The party will contest upper and lower house seats at the next federal election
  • He had denied starting a new political campaign as yellow billboards with the slogan 'Make Australia Great' popped up across the country

Clive Palmer has announced he is making a political comeback by relaunching  his deregistered party under a new name. 

The embattled businessman said in Brisbane on Sunday that the United Australia Party -- what was once the Palmer United Party -- will contest all upper and lower house seats at the next federal election.

Just weeks ago, he had denied starting a new political campaign as hundreds of bright yellow billboards appeared around the country with the slogan ‘Make Australia Great’.

Clive Palmer is walking back into politics. Image: AAP

Palmer deregistered the PUP last year. On Sunday, he  said the “reestablishment” of a UPA, under which former prime ministers Joseph Lyons and Robert Menzies had once served, was a “significant milestone” in Australian political history.

“All Australians are tired of our current crop of politicians,” he said in a statement.

“It is time to unite the country for stronger economic growth that can restore prosperity to all our citizens.”

Palmer is currently locked in a court battle with liquidators of his company, Queensland Nickel. Justice John Bond has ordered a freeze on more than $200m of his assets plus more than $340m in those held by his companies.

The mining magnate has recently claimed he would use some of his companies’ $500m worth of cash reserves to reopen the Townsville nickel refinery where 800 workers lost their jobs.

Last month, he was slammed for his publication of a hefty new book detailing his political career, with many MPs standing in solidarity with those workers by dumping their copies in the bin.