Operation of the concessional contributions cap for over 50s (1/7/2012)The $50,000 transitional concessional contributions cap will be extended permanently for individuals aged 50 or over with total superannuation balances of less than $500,000. The general cap for under 50’s remains at $25,000, and will be indexed to CPI whilst the over 50’s cap will remain a set $25,000 above this figure.
Superannuation co-contribution income thresholds – Indexation Freeze
Under the superannuation co-contribution scheme, the Government provides a matching contribution for contributions made into superannuation using after-tax income. The matching contribution is up to $1,000 for individuals with total income of up to $31,920 in 2010/11, with the amount available phasing down for incomes up to $61,920. Simply put, these levels will not be indexed in line with CPI for a further 2 years.
Superannuation information on pay slips
The government will legislate to ensure that employees receive information on their pay slips regarding the amount of superannuation paid into their account. Employees and employers will receive quarterly notification from their superannuation fund if regular payments cease.
Removing minor’s (children) eligibility for low-income tax offset - on unearned income such as dividends, interest, rent, royalties and other income from property. Income actually earned by minors from work will still be eligible for the full benefit of the LITO. The exception to this rule is minors who are orphans or disabled, or compensation payments and inheritances received by minors. This measure will discourage income splitting (family trusts) to children. 
HECS (Higher Education Contribution Scheme) – reduction in discounts from 20 to 10 percent for students electing to pay their student contribution up-front (effective 01/01/2012).

Phasing out dependant spouse tax offset for taxpayers with a dependant spouse born on or after 1 July 1971 (exception to rule is invalid or disabled spouses, carers, etc).