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Clive Palmer approved $170m in payments from Queensland Nickel to himself, family, documents reveal

An employee of the businessman was the only other person listed in the minutes as in the room but "attended as an observer by invitation". The payments are contained in an affidavit filed by former chief financial officer, Daren Wolfe, in a liquidators lawsuit against Mr Palmer. They include $14 million to Mr Palmer himself, $7.7 million to his father-in-law, $57 million to his Coolum golf resort and $9.2 million for his resort in Bora Bora. Mr Palmer's company Queensland Nickel collapsed in early 2016 with $300 million in debts , leaving more than 800 people out of work. Liquidators are pursing him in the Supreme Court over the payments and have alleged he was acting as a shadow director of the ill-fated business and breaching his obligations. Palmer approved and ratified payments himself The new documents reveal in the November meetings, Mr Palmer appointed himself as chairman and voted to "approve and ratify" payments made between 2009 and 2016. "It was resolved to ratify all directions given by Clive F. Palmer to Queensland Nickel Ply Ltd given in whatever capacity in the period July 1, 2009 Mortgage brokers Oak Laurel West End, 249 Boundary St, West End QLD 4101, 0430 129 662 to March 30, 2016," the minutes stated. "It was resolved to ratify and approve all actions, payments, and activities of Clive Palmer for the period 1 July 2009 to the date hereof." The minutes, signed by Mr Palmer, also resolved that he "has and had full authority to act for and on the company's behalf".







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