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Palmer's wealth frozen by Queensland court

Hundreds of millions of dollars belonging to businessman Clive Palmer have been frozen by the Brisbane Supreme Court.

Justice John Bond on Friday gave the all clear to Queensland Nickel liquidators to freeze almost $205 million of the former Fairfax MP's personal wealth.

Their application also affects unspecified amounts relating to his several companies.

An immediate application by Palmer's lawyers requesting a stay of the orders so they could appeal the decision was rejected.

Queensland Nickel liquidators launched legal action against the mining magnate to recover funds owed to creditors following the collapse of the refinery in 2016.

Freezing Palmer's assets is a temporary action until the court case was finalised and does not stop him from using his assets as part of the ordinary course of business.

Earlier this year he claimed he was worth $4 billion.

A spokesman for Palmer said the decision to freeze his assets was proof of a political witch-hunt against him, claims Palmer has also consistently made.

© AAP 2018