Clive Palmer says he will consider his membership of the Liberal National Party over the weekend.
The Liberal National Party has told Clive Palmer to think about quitting the party, after the mining magnate accused Queensland Premier Campbell Newman of ruining the state this week.
Acting president Gary Spence said today that it was clear Mr Palmer - who is an LNP life member and key donor - had ''significant policy differences'' with Queensland's LNP government.
''The party can't continue to allow such a public conflict involving one of its members to continue,'' Mr Spence said in a statement.
''While Professor Palmer has a conflict with the government, he has to choose between his position as a head of industry vis-a-vis his membership of the LNP at this point in time.''
Mr Palmer quickly responded via Twitter, saying: "In response to today's statement ... I will be considering my membership of the party over the weekend."
Mr Spence's statement comes after the mining magnate accused Mr Newman and his government of ruining Queensland, attacking the premier for cutting jobs and raising mining royalties in the state budget this week.
He told the ABC's Lateline on Wednesday that Queenslanders would not tolerate the ''rape'' on their state and that he would not put up with it either.
''I remain the last sentry at the gate to protect democracy in this country,'' Mr Palmer said.
"Mining is the greatest contributor to the state. Simple maths says we should not attack that just to balance the Budget.''
Mr Palmer has been outspoken on a number of issues - both political and personal. After threatening to run against several high profile Labor MPs in Queensland, including Treasurer Wayne Swan, Mr Palmer announced last month that he would not seek LNP preselection for the next federal election.
Earlier this week, he publicly thanked the Queensland Police for issuing him with speeding tickets.
''I'll slow down and play it safer now. Let's hope police are never in firing line of job cuts,'' Mr Palmer posted on Twitter.
With AAP