Magnates can take credit for economy: Palmer

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Clive Palmer says he and his fellow mining magnates Andrew Forrest and Gina Rinehart can take most of the credit for international investment in Australia.

In an interview with ABC Radio Palmer said delays and bureaucracy in the Foreign Investment Review Board were turning away international investors.

He said while the Government was dragging its feet he, Rinehart, and Forrest could take credit for moving the economy forward.

"In the international community, Australia stands as a light on the hill for all countries of what can be achieved," he said.

"And that’s happened because people like Andrew Forrest and Gina Hancock (sic) and myself and others have taken the leadership to push this country forward."

AAP reports Palmer said the FIRB was a "positive disincentive" for people spending in Australia and the Government wasn’t doing enough to attract foreign investment.

Last month Palmer made headlines after he accused anti-mining activists of acting in a CIA plot to undermine Australia’s economic performance.

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