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Land­lords beware — Incen­tive claw-back pro­vi­sions deemed to be penal­ty clauses

In Brief The recent Supreme Court of Queens­land deci­sion of GWC Prop­er­ty Group Pty Ltd v Hig­gin­son & Ors affirms the long-held but (until now) untest­ed fear that the ubiq­ui­tous claw-back pro­vi­sions which accom­pa­ny most incen­tive pro­vi­sions may very well con­sti­tute a penal­ty clause. What is a penal­ty pro­vi­sion? The mod­ern law of penal­ty pro­vi­sions…