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.
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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 cl