Clive Palmer says there are current sitting MPs prepared to jump to his United Australia Party ahead of the federal election.

MINING magnate and wanna-be Prime Minister Clive Palmer says sitting MPs are poised to join his new fledgling political party, with announcements imminent.

Mr Palmer, who signalled his political appetite last week, said "major commitments" of finances had been made to his United Australia Party by himself and others at the weekend, and "prominent Australians" would soon reveal their support.

"In the coming dates ahead, which are all planned, you'll see prominent members of Parliament, you'll see prominent Australians, come out to support the United Australia Party," he told Channel Ten's Meet the Press while refusing to reveal any potential turncoats.

His comments came as the billionaire businessman detailed his own asylum seeker policy - a policy he claimed would save Australia $5 billion from the Budget.

Mr Palmer said asylum seekers were forced to pay people smugglers to take them on dangerous sea journeys to "battle the Navy" because the Government wouldn't let them board a plane without a visa.

"There's over $5 billion or more of Australian Budget being spent blockading Australia," he said.

Mr Palmer said a better and cheaper idea would be to let them fly here and then deal with them at the airport.

"You can have the facilities there to meet them, rather than chase them all over the Indian Ocean, and as soon as they get off the plane, you can have them assessed, and if there's a legitimate refugee claim that can be dealt with then, and appropriately, and the families can be kept together," he said.

"If they're a queue-jumper, or someone that doesn't have a legal entitlement to come here, they should go back in the very next plane.

"And if the law needs to be changed to do that, we'll do it.

"It will save us a lot of money."

Other policies included giving United Australia MPs a free vote on gay marriage.

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