MELBOURNE (Reuters) - Controversial Australian mining magnate and politician Clive Palmer said on Wednesday he will not stand for re-election in the lower house of parliament when the country goes to the polls in July.
Palmer, who was once a key power broker in parliament, entered politics in 2013 by winning the seat of Fairfax on Queensland's Sunshine Coast and his Palmer United Party captured a handful of seats, enabling the party to block or pass legislation.
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