Palmer to re-form UAP party for election

BILLIONAIRE miner Clive Palmer has come good on threats to set up his own political party, saying he will personally run for federal parliament.

Mr Palmer told ABC TV on Thursday he was re-forming the United Australia Party (UAP), which was dissolved in 1945, and had applied for registration in Queensland.

The former life member of the Liberal National Party (LNP) said the new UAP would contest 127 lower house seats in the September federal election, and stand for all seats in the Senate.

"I definitely will be (personally) standing for federal parliament," he confirmed, without revealing which seat.

"I definitely will be running in a seat in Queensland, but it would be presumptuous of me (to say which one).

"Like any political party, it's got to have its own preselections.

"By the end of next week we'll be announcing some of our candidates for federal parliament."

The original UAP was established in 1931 and was the predecessor to the Liberal Party, with Robert Menzies serving as a UAP prime minister between 1939 and 1941.

Late last year Mr Palmer gave up his life membership of the LNP after a bitter and public dispute with the Newman government in Queensland, and since then has threatened to set up his own party.

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