Explain That is a podcast by Velocity Legal which unravels complex legal concepts and makes them easy to understand. Our host Andrew Henshaw (Managing Director of Velocity Legal) talks to a range of specialists who share their expertise and provide practical guidance.
Explain That by Velocity Legal
Claim This Podcastby Velocity Legal
5.0(6 reviews)
74 episodes
Updated Weekly
Accepts GuestsHas SponsorsLocation 🇬🇧
36
Podcast Authority
BetaPoorBased on show quality, social media presence, reviews, charts, and more
Quality59
Social0
YouTube0
Engagement32
Podcast Overview
Explain That is a podcast by Velocity Legal which unravels complex legal concepts and makes them easy to understand. Our host Andrew Henshaw (Managing Director of Velocity Legal) talks to a range of specialists who share their expertise and provide practical guidance.
Language
🇺🇲
Publishing Since
2/28/2024
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36
Podcast Authority
BetaPoorBased on show quality, social media presence, reviews, charts, and more
Quality59
Social0
YouTube0
Engagement32
6
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11
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excellent
Episode Length
23 minutes
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Every 9 days
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Recent Episodes
August 11, 2026
Heads of Agreement: Binding Terms, Due Diligence and Deal Risk
<p><strong>What is a heads of agreement, and is it legally binding?</strong></p><p>Heads of agreement are commonly used at the beginning of a business sale, acquisition or other commercial transaction to record the key terms before a formal contract is prepared. Although they are often treated as preliminary or non-binding documents, poor drafting can create legal obligations, restrict negotiations and affect a party’s position before due diligence is complete.</p><p>In this episode of Explain That by Velocity Legal, Lauren Gross, Senior Associate in Velocity Legal’s Commercial team, discusses how heads of agreement work, when they should be used, and the legal and commercial risks businesses should consider before signing one.</p><p><strong>The discussion covers:</strong></p><ul><li>what a heads of agreement is;</li><li>the difference between heads of agreement, term sheets, memoranda of understanding and non-binding indicative offers;</li><li>when a heads of agreement may be legally binding;</li><li>which provisions are commonly binding, including confidentiality and exclusivity;</li><li>the role of due diligence before and after a heads of agreement is signed;</li><li>the risks of agreeing to a purchase price before due diligence is complete;</li><li>how exclusivity periods operate in business sale negotiations;</li><li>termination provisions and what happens if negotiations break down;</li><li>who should prepare the formal sale agreement;</li><li>how heads of agreement can help manage transaction timelines and deal fatigue; and</li><li>the Victorian Court of Appeal decision in Delaney v Delaney and what it demonstrates about binding preliminary agreements.</li></ul><p>The episode also considers when a heads of agreement may not be necessary and when proceeding directly to a formal contract may be more efficient.</p><p>A practical discussion for business owners, accountants, advisers, buyers and sellers involved in business sales, acquisitions, share sales or other commercial transactions.</p><p>For advice on heads of agreement, business sales, acquisitions or commercial contracts, contact Velocity Legal’s Commercial team.</p>
July 16, 2026
ATO Fraud or Evasion: How Far Back Can the ATO Amend Your Tax Returns?
<p>If the ATO alleges fraud or evasion, the normal two or four-year amendment period no longer applies. Instead, the Commissioner may have an unlimited period to amend your tax affairs.</p><p>In this episode of Explain That, Andrew Henshaw is joined by Senior Associate Tyson Bateman to explain what fraud or evasion actually means in tax law, why these allegations are becoming more common, and how they can dramatically change the course of an ATO dispute.</p><p>They also discuss the recent Kirtlan decision, one of the rare cases where a taxpayer successfully challenged an allegation of evasion, and why obtaining specialist tax advice can be critical when dealing with complex tax positions.</p><p>Topics covered include:</p><ul><li>the ATO's normal amendment periods</li></ul><ul><li>what constitutes fraud or evasion for tax purposes</li><li> the significance of the Kirtlan decision</li></ul><ul><li>why contemporaneous tax advice matters </li><li>engaging with the ATO before a fraud or evasion opinion is formed</li></ul>
June 24, 2026
Business Sale Disputes: Misleading or Deceptive Conduct
<p><strong>What happens when the business you bought is not what you were told it was?</strong></p><p>Misleading or deceptive conduct is one of the most common causes of disputes following the sale of a business. Whether it involves overstated profits, undisclosed liabilities, the loss of key customers, or inaccurate information provided during the sale process, these disputes can have significant financial consequences for both buyers and sellers.</p><p>In this episode of Explain That by Velocity Legal, Andrew Henshaw is joined by Jess Hill and Leo Crnogorcevic to discuss how misleading or deceptive conduct claims arise in business sales and the practical steps parties can take to reduce risk.</p><p><br></p><p>The discussion covers:</p><p>• what constitutes misleading or deceptive conduct under the Australian Consumer Law</p><p>• the difference between misleading conduct claims and breach of warranty claims</p><p>• disclosure obligations during a business sale</p><p>• the role of due diligence and buyer beware principles</p><p>• common disputes involving financial information, liabilities and key customers</p><p>• how courts assess reliance and loss• practical steps buyers and sellers can take before signing a contract</p><p><br></p><p>A practical discussion for business owners, purchasers, vendors and professional advisers involved in business sale transactions. For advice on business sales, business purchase disputes, misleading or deceptive conduct claims or commercial litigation, contact Velocity Legal’s Commercial and Disputes teams.</p>
74 total episodes available
Recent guests on Explain That by Velocity Legal
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Tom Warrington
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Rosalind Li
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Rosalind Lee
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- What is Explain That by Velocity Legal?
- How often does this podcast release new episodes?
This podcast updates weekly.
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This podcast is available on 6 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
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Yes, this podcast regularly features guests.
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