Australian mining magnate Clive Palmer has been ordered to pay more than $13 million after his claim of being a "foreign investor" was dismissed by an international tribunal following a dispute lasting more than a decade.

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The intergovernmental Permanent Court of Arbitration rejected Mr Palmer's claim as it had no jurisdiction over the dispute between a national government and one of its citizens, Attorney-General Michelle Rowland said on Saturday.

"Mr Palmer is not a 'foreign investor' and is not entitled to any benefits under Australia's free trade and investment agreements," she said.

The government hoped the tribunal's ruling prompted Mr

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