Controversial ex-Fairfax MP Clive Palmer has announced his eponymous political party will contest the next federal election.

In a statement issued on Friday morning, Mr Palmer said the Palmer United Party’s executive committee had resolved to contest the next federal election, which could be held as early as this year.

Clive Palmer has announced his Palmer United Party will contest every seat at the next federal election. AAP/Jono Searle

It would be an unexpected return to politics for Mr Palmer, whose party was deregistered in Queensland in 2016.

He has since been embroiled in a lengthy court process over the collapse of Queensland Nickel, which resulted in nearly 800 job losses in Townsville and a debt of $300 million.

“Since I left Parliament I have experienced the frustration and helplessness that all Australians experience with the major political parties,’’ Mr Palmer said in the statement.

“It’s time for Australia to reset its agenda for economic growth and prosperity.

“The full weight of the federal government has been improperly mobilised against me and my employees.

“(Prime Minister Malcolm) Turnbull and (Opposition Leader Bill) Shorten don't care about our future generation and seek to deprive rather than provide opportunities for young Australians.”

Mr Palmer said PUP would contest every lower house seat and would have senate candidates in each state.

PUP entered the Australian political scene with a bang in 2013, with Mr Palmer winning the formerly LNP-held Queensland seat of Fairfax and Jacqui Lambie (Tasmania), Glenn Lazarus (Queensland) and Dio Wang (Western Australia) all securing Senate seats.

Both Ms Lambie and Mr Lazarus subsequently left the party in acrimonious circumstances and Mr Palmer did not seek reelection in Fairfax at the 2016 election.

That appeared to be the end of the Palmer United Party experiment.

Mr Palmer has attracted a large social media following since his retirement from politics, thanks in part to a stream of poems and memes.

That social media habit earned the ire of a Federal Court judge late last year.