Businessman Clive Palmer, flanked by security guards, arrives at the Federal Court in Brisbane yesterday. The former federal MP will continue to give evidence under oath about the demise of Queensland Nickel, which was put into liquidation earlier this year.
Businessman Clive Palmer, flanked by security guards, arrives at the Federal Court in Brisbane yesterday. The former federal MP will continue to give evidence under oath about the demise of Queensland Nickel, which was put into liquidation earlier this year. DAN PELED

Palmer denies he had to approve all spending over $500

CLIVE Palmer has denied all purchases over $500 at his Queensland Nickel company had to be personally approved.

Instead Mr Palmer claimed the approvals were made by the Joint Venture Owners Committee - a group he admits he had control of.

The former Fairfax MP is facing the court regarding the collapse of Queensland Nickel.

Mr Palmer said it was a "fairy tale" that all purchases over $500 had to be approved by him.

The court was shown an email from a mid-level Queensland Nickel manager asking for approval to buy new mechanical seals - a request Mr Palmer denied.

The email was sent to an address Mr Palmer used under the alias Terry Smith , and began "Hi Clive".

But Mr Palmer said the request was being made to the JVOC, not to him personally.

On Friday the court heard the JVOC was made up of Mr Palmer and his nephew, QNI general manager, Clive Mensink.

Mr Palmer had the authority to act on behalf of the JVOC without Mr Mensink's involvement.

Mr Palmer also told the court he had lost the mobile phone he was using during the collapse of QNI in 2015.

The court and liquidators had requested it be handed over for investigation but Mr Palmer said he believed he had left it at Gold Coast steak restaurant Black Angus.

He told the court he had contacted Telstra to retrieve the message and phone call details.

Before court began Mr Palmer handed out a statement claiming a cameraman had shoved his wife down a flight of stairs. Mr Palmer told a photographer "if you push my wife again, you'll be sorry" as he entered the court building.

The photographer he yelled at was not at court on Friday.

In his statement, Mr Palmer said the "examination has been a disappointment".

ARM NEWSDESK


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