{"id":949705,"date":"2026-11-02T09:34:13","date_gmt":"2026-11-02T09:34:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/949705\/"},"modified":"2026-11-02T09:34:13","modified_gmt":"2026-11-02T09:34:13","slug":"australian-politics-live-updates-clive-palmer-lashes-court-after-charge-dropped","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/949705\/","title":{"rendered":"Australian Politics live updates: Clive Palmer lashes court after charge dropped"},"content":{"rendered":"<p class=\"css-9czhig-StyledParagraph e4e0a020\">Australian billionaire Clive Palmer has had long-running charges of aiding and abetting in a takeover bid for a timeshare resort company dropped by the Director of Public Prosecutions.<\/p>\n<p class=\"css-9czhig-StyledParagraph e4e0a020\">An Australian Securities and Investments Commission investigation previously alleged the billionaire breached takeover laws in a bid to gain control of The President\u2019s Club Ltd in 2012.<\/p>\n<p class=\"css-9czhig-StyledParagraph e4e0a020\">Mr Palmer was charged in 2018 with aiding, abetting, counselling or procuring the company to commit the offence, however, on Monday those charges were dropped.<\/p>\n<p class=\"css-9czhig-StyledParagraph e4e0a020\">Palmer Leisure Coolum Pty Ltd, which the billionaire was a director of, was convicted of the offence last week, and was sentenced to a fine of $10,000.<\/p>\n<p class=\"css-9czhig-StyledParagraph e4e0a020\">However, in the Brisbane Magistrates Court on Monday, the CDPP said that it would \u201cnot proceed with the charge against Mr Palmer\u201d.<\/p>\n<p class=\"css-9czhig-StyledParagraph e4e0a020\">In a statement, a spokesperson for Mr Palmer said: \u201cThese charges were a political witch hunt, a waste of time, and came at huge expense to Australian taxpayers.\u201d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/11\/50e336607651e5a35a5145754b5e8a0fc3d70ff4.jpg\" alt=\"Jeff the dinosaur moved into the Coolum resort after the 2011 takeover led by Clive Palmer (right). (Dave Hunt\/AAP PHOTOS)\" class=\"css-16r7l45-StyledImage en5ut4d0\" loading=\"lazy\"\/>Jeff the dinosaur moved into the Coolum resort after the 2011 takeover led by Clive Palmer (right). (Dave Hunt\/AAP PHOTOS) Credit: AAP<\/p>\n","protected":false},"excerpt":{"rendered":"Australian billionaire Clive Palmer has had long-running charges of aiding and abetting in a takeover bid for a&hellip;\n","protected":false},"author":2,"featured_media":949706,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99,84],"class_list":["post-949705","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business","tag-politics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/949705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=949705"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/949705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/949706"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=949705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=949705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=949705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}