Summary
Amends the:
Income Tax Assessment Act 1997
in relation to: the simplified imputation system; capital gains tax roll-over for registrable superannuation entities that merge under new superannuation safety arrangements; and the list of deductible gift recipients;
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
to provide capital allowance deductions for certain telecommunications rights;
Taxation Administration Act 1953
to simplify transfer from annual to quarterly payment of pay as you go instalments for certain taxpayers;
A New Tax System (Goods and Services Tax) Act 1999
in relation to the goods and service tax and real property;
Income Tax Assessment Act 1936
in relation to tax treatment for superannuation annuities that have been split upon marriage breakdown; and
Fringe Benefits Tax Assessment Act 1986
in relation to exemption from fringe benefits tax for payments to worker entitlement funds.