The man who wanted to "wake up Australia" owes the Commonwealth more than $13 million after an international tribunal put his "foreign investor" claim to bed.

The Permanent Court of Arbitration, established by international treaties, rejected Clive 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.

"Australia should never have had to spend two years and over $13 million defending an investor-state claim brought by an Australian national," Ms Rowland said.

A Singaporean investment company owned by Mr Palmer claimed damages totalling almost $US200

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