First impression to me is a reduction in deductible contributions from $50k pa to $25k.
i haven't seen any details at all, but my logic tells me that for over 50's, the transitional rules will also halve. Also, as the Non-concessional caps are 3 times the $0k, then I guess they will halve too.
Oh, and the co-contribution will be a 100% gift, not 150%, and I think they might be changing the income limits but not sure on that one. Otherise, I've been running around like a blue-aaaaaaa'd fly for nithing this last week.
