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Artwork for Explain That by Velocity Legal

Explain That by Velocity Legal

Velocity Legal
Australian Taxation Office
Family Trust Elections
Retail Leases Act
Family Law Act
Fair Work Commission
Superannuation
De Facto Relationship
General Protections
Division 7A
Employee Share Schemes
Payday Super
Binding Financial Agreement
Startup Concessions
Statutory Demands
Insolvent Trading
Market Rent
Estate Planning
Heads Of Agreement
Duty Exemption (stamp Duty)
Thomas Family Trust

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.

PublishesTwice monthlyEpisodes67Founded3 years ago
Number of ListenersCategory
Business

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Artwork for Explain That by Velocity Legal

Latest Episodes

Is your property development profit taxed as a capital gain or as income?

For small-scale property developments, that distinction can materially change the tax outcome. A one-off development is not automatically treated on capital account, and wheth... more

What is a heads of agreement, and is it legally binding?

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 the... more

Most taxpayers assume that once the usual amendment period has passed, an old tax assessment is effectively closed. A fraud or evasion opinion can change that.

For many taxpayers, the ATO generally has either two years or four years to amend an inco... more

What happens when the business you bought is not what you were told it was?

Business sale disputes often arise when a purchaser believes they relied on inaccurate, incomplete or misleading information before settlement. Whether the issue involves ov... more

What does Payday Super mean for Australian employers?

From 1 July 2026, Australian businesses are required to manage superannuation guarantee obligations much more quickly than under the previous quarterly payment system. Employers generally need to... more

What happens when a family trust distribution falls outside the family group?

Family trust distribution tax, or FTDT, is rapidly becoming a major risk area for private groups, trustees and advisers. The consequences can be severe, particularly where... more

What is a family trust election, and why does it matter?

Family trust elections are one of the most misunderstood areas of private group taxation. Originally introduced to address trust loss trafficking, they now affect a much broader range of tax i... more

In an unexplained income dispute, the hardest part is often not the deposit itself. It is proving, sometimes years later, where the money came from.

The ATO’s ability to identify discrepancies in taxpayer records has increased significantly. Bank de... more

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Recent Guests

Leo Crnogorcevic
Disputes lawyer from Velocity Legal
Velocity Legal
Episode: Business Sale Disputes: Misleading or Deceptive Conduct
Nick Vegeva
Guest expert discussing Payday Super mechanics
Episode: Payday Super Reform Explained: What Businesses Need to Know Before 1 July 2026
Annie Turner
Guest expert discussing practical implications and penalties
Episode: Payday Super Reform Explained: What Businesses Need to Know Before 1 July 2026
Ani Tuna
Special counsel in Velocity Legal's tax team
Velocity Legal
Episode: Family Trust Elections & FTDT : The Tax Issue Back in Focus (Part 1)
Rajan Verma
Director in Velocity Legal's tax practice
Velocity Legal
Episode: Unexplained Income: The Practical Implications for Taxpayers
Archana Manapakkam
Special counsel invited onto the podcast
Episode: Bendel: The High Court Decision That Could Reshape Division 7A
Edward Hart
Senior associate in Velocity Legal's commercial law team
Velocity Legal
Episode: Employee Share Schemes: Pros, Cons and Tax Implications
Tom Jenkins
Associate in Velocity Legal's family law team
Velocity Legal
Episode: Understanding Binding Financial Agreements: A Comprehensive Guide for Couples
Tyson Bateman
Lawyer within Velocity Legal's tax team
Velocity Legal
Episode: Restructuring Without the Tax Sting: The Small Business Restructure Rollover Explained

Host

Andrew Henshaw
Host of Explain That by Velocity Legal

Talking Points

Recent interactions between the hosts and their guests.

Commercial Leases (Part 2): Case Study on Exercising an Option
Q: How is proposed rent typically determined for the next term?
Most leases use a market rent review, with possible fixed increases or CPI; if the offer seems low, obtain an appraisal to substantiate a higher rent.
Commercial Leases (Part 2): Case Study on Exercising an Option
Q: What is the first thing a tenant should check when approaching expiry?
Confirm whether the lease is retail or non-retail, and then ensure proper notice is given under the Retail Leases Act to preserve renewal rights and timelines.
Good Contracts Prevent Disputes: A Practical Guide to Better Drafting
Q: Can I rely on emails as a contract?
Emails can form part of a contract and may become a full contract if robust enough, but discrepancies across emails can create ambiguity and implied terms; a clear, written trail is preferable.
Good Contracts Prevent Disputes: A Practical Guide to Better Drafting
Q: Do I need a lawyer to review a contract?
The answer depends on the contract's complexity and the party's familiarity; small or novel deals benefit from legal review to avoid long-term costs, though simpler contracts may be handled in-house.
Insolvent Trading: When Directors Become Personally Liable
Q: What starts the insolvent trading claim, and who can bring it?
Typically the liquidator starts the claim after reviewing the company's records to determine insolvency and whether directors reasonably suspected it; creditors can also pursue a claim with the liquidator's permission, and ASIC may become involved in larger matters.

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Frequently Asked Questions About Explain That by Velocity Legal

What is Explain That by Velocity Legal about and what kind of topics does it cover?

This show focuses on practical legal and business topics common to corporate owners, operators, and dealmakers in Australia. Across episodes, the conversations frequently cover topics like structuring terms and agreements (heads of agreement, BFAs), tax and trust rules (family trusts, SBIR, ESS), employment and compliance (gender discrimination, contractor treatment), and corporate risk management (insolvency, misleading conduct, statutory demands). Guests are highly technical legal practitioners who translate complex rules into actionable guidance for listeners such as business owners, CFOs, in-house counsel, and advisers. A notable strength is the emphasis on real-world scenarios, drafting best practices, and strategic timing (e.g., due d... more

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Which podcasts are similar to Explain That by Velocity Legal?

These podcasts share a similar audience with Explain That by Velocity Legal:

1. Tax Talks
2. The Fin
3. Chanticleer
4. ABC Business Daily
5. Full Story

How many episodes of Explain That by Velocity Legal are there?

Explain That by Velocity Legal launched 3 years ago and published 67 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Explain That by Velocity Legal?

Recent guests on Explain That by Velocity Legal include:

1. Leo Crnogorcevic
2. Nick Vegeva
3. Annie Turner
4. Ani Tuna
5. Rajan Verma
6. Archana Manapakkam
7. Edward Hart
8. Tom Jenkins

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