Activity 7 Brad, aged 60, has owned the local landscape supplies business since 1990. He has decided to retire and sell his business for $1.5 million. Brad is eligible for the small business 15-year CGT exemption and can disregard the entire capital gain from the sale of the business. Brad wants to contribute the entire proceeds into superannuation. Explain to Brad key elements of Australian tax law which would benefit his proposed course of action. Support your answer by citing relevant tax legislation, where applicable. (Explain critical and key elements of Australian tax law as it relates to tax documentation for legal entities such as companies, trusts, partnerships and sole traders including: taxation aspects of superannuation law). Activity 7 Brad, aged 60, has owned the local landscape supplies business since 1990. He has decided to retire and sell his business for $1.5 million. Brad is eligible for the small business 15-year CGT exemption and can disregard the entire capital gain from the sale of the business. Brad wants to contribute the entire proceeds into superannuation. Explain to Brad key elements of Australian tax law which would benefit his proposed course of action. Support your answer by citing relevant tax legislation, where applicable. (Explain critical and key elements of Australian tax law as it relates to tax documentation for legal entities such as companies, trusts, partnerships and sole traders including: taxation aspects of superannuation law)