Karl Stefanovic and Michael Clarke in a Late Night Punch-up while Holidaying in Noosa

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Extraordinary footage has emerged of ex-Australian cricket captain Michael Clarke and top TV host Karl Stefanovic embroiled in a late-night heated exchange in front of shocked onlookers at a public park.

The Today show host and Australian cricket great clashed while holidaying together with their respective partners, sisters Jasmine and Jade Yarbrough, on Queensland's Sunshine Coast on January 10.

All hell broke loose while the couples were having dinner at a beachside restaurant in Noosa with celebrity accountant mate Anthony Bell.

It's understood the melee was over Clarke's ex-girlfriend, high-profile fashion designer Pip Edwards and recent messages between the pair.

The dramatic footage obtained by the Daily Telegraph shows a shirtless Clarke being screamed at and slapped by his hysterical girlfriend Jade as others in the group try to defuse the fracas.+

During the furious exchange, Jade accused Clarke of sleeping with his ex-girlfriend Pip on December 17 and messaging her to say she is the 'love of his life'.

The video begins with Jade screaming at Clarke before she slaps him in the face and pushes him away after the cricket legend claimed he had not cheated on her.

'I'm wrong? I'm f****ng wrong! You're a f***ing liar. I can see everything. You called her,' Jade screams, apparently referring to messages between Clark and Pip.

Clarke then tried to reassure Jade that he had not slept with Pip on December 17 and claimed he had been with his mate Bell that night.

'Baby you're wrong, you're wrong,' Clarke insists. 'Baby, baby, Belly was at the house. I swear on my life, I swear on my life... That's not true, it's not true.'

He then swore on his daughter Kelsey's life that he did not cheat on her. 'I swear on my daughter's life, on my daughter's life,' Clarke says.

But Jade doesn't believe his desperate protests and claims she spoke to Pip.

'You're f******g lying to me. You are a piece of s**t. I just spoke to her. What is wrong with you?'

Clarke again denied sleeping with Pip and replied: 'No I didn't. You can hit me. That's not true, that's not true.'

Clarke appeared to have injured his hamstring in the melee after he was pushed to the ground by Jade as he was seen hobbling across the public park.

Stefanovic's wife Jasmine eventually steps in and grabs her distressed sister by the arm and drags Jade away. Jasmine can be heard saying: 'Get away with Karl, get away with Karl.'

As she is led away, Jade can be heard crying as she turns to Clarke and says: 'I f***ing hate you.'

Clarke then tries to follow Jade before he unleashes a wave of fury at Stefanovic, presumably because he is walking away with the two sisters.