Palmer criminal charges set for hearing

Warren Barnsley
Clive Palmer is set to argue in court he has no case to answer over a criminal charge

Clive Palmer's lawyers are set to argue in court he has no case to answer over criminal charges brought against him by the corporate watchdog.

The former federal MP's charge of one count of aid, abet, counsel or procure the commission of an offence by another person, levelled by ASIC in April, is set for a hearing in Brisbane Magistrates Court on Wednesday.

It relates to the unfulfilled 2012 proposal to buy shares of another company that owned properties at his troubled Sunshine Coast resort.

Under corporations law he was required to make an offer within two months of announcing his intentions but failed to do so, ASIC has claimed.

Palmer Leisure Coolum Pty Ltd has also been charged with proposing or announcing a bid then failing to make an offer within two months.

A first mention in April heard his lawyer, Christopher Wilson, say he would argue there was no case to answer when the matter goes to a hearing.

Palmer has vowed to vigorously defend the charges, which he claimed were laid for political reasons.