Clive Palmer finally agrees to pay workers of his collapsed North Queensland ...

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Politician Clive Palmer has agreed to pay out more than 500 former employees - three years after they lost their jobs when his nickel refinery collapsed.  

While he took no responsibility for their dismissals, the businessman said on Monday he will fund outstanding entitlements that were not paid by liquidators when Queensland Nickel, based in Townsville, went bust in 2016. 

The company owed debts of about $300 million to creditors, including local businesses and the Federal Government, at the time. 

This week, Mr Palmer confirmed he has '$400 million in the bank ready to pay out'.