CANBERRA, Australia (AP) — A wealthy Australian who is rebuilding the Titanic plans to do the political equivalent. Clive Palmer said Friday he intends to refloat the United Australian Party, a once dominant force in Australian politics that sank without a trace in the 1940s.

The mining magnate plans to revive the Great Depression-era party and stand candidates for every seat in the House of Representatives and Senate at general elections on Sept. 14. Palmer intends to run himself in the electoral district in Queensland state where he owns a golf resort.