Gold Coast billionaire Clive Palmer has announced he’s having another crack at Federal Politics.

The mining magnate has revealed plans to run for the northern Gold Coast seat of Fadden, currently held by Liberal MP Cameron Caldwell, at the next election.

“It’s time to stop the rot in Australian politics. A new era is coming,” Palmer said.

It comes after the 71-year-old only last year declared he was “too old” for politics after failing to pick up a single seat with his Trumpet of Patriots party.

Palmer has now announced plans to revive his United Australia Party, crediting his comeback to a health kick.

“I’ve lost a lot of weight. I’ve been on a keto diet. I’ve been running. I’ve been reinvigorated by not having too much sugar and too much carbohydrates,” he said.

“Every day I feel better, I feel stronger. And every day I watch the appalling situation of politics in Canberra.

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“How much lower can we go as a nation with the politicians we’ve got.”

During the press conference, Palmer also announced that he was donating $10,000 to each of the Iranian female soccer players recently granted asylum in Australia.

“I want to donate $10,000 to each soccer player so they’ve got some money to spend here in Australia, so they feel welcome in our country, and they know that they’re not alone,” Mr Palmer said.

“I encourage other wealthy Australians such as Angus Taylor to join me and match my donation.”

Mr Palmer previously served as the member for Fairfax from 2013 to 2016.

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