The main purposes of this Act are—
(a) to amend the First Home Owner Grant Act 2000 to impose a cap on the value of certain transactions that will be eligible for the First Home Owner Grant; and
(b) to amend the Land Tax Act 2005 in relation to—
(i) leases of Crown land; and
(ii) trusts; and
(iii) disposals of land for no consideration; and
(iv) notification of errors in assessment notices; and
(c) to amend the Payroll Tax Act 2007 to clarify when wages are taxable in this jurisdiction; and
(d) to amend the Taxation Administration Act 1997 —
(i) to re-enact and modernise the law relating to the reciprocal enforcement of taxation laws; and
(ii) to provide for penalties for notification defaults; and
(iii) to otherwise improve the operation of that Act; and
(e) to repeal the Taxation (Reciprocal Powers) Act 1987 ; and
(f) to make consequential amendments to other Acts.