On those words, is having a 30wpc HK receiver not such a good thing?

(Already made the purchase and am importing it from the US because it is $200+ cheaper than here. I got the basic because I simply need 5.1, no need for other features.)
I just feel sort of wary of HK's way of rating things. I believe I never entered clipping region on my previous entry-level Yamaha which was rated at 75wpc. But with that in mind, what is usually heard when an amp clips?
I am also used to seeing 75wpc as a bare minimum when looking at receivers from Onkyo, Denon, Yamaha.
Does this mean the HK I purchased has a hard upper limit of 30wpc for peaks and will clip beyond that?