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.