u/flywire0

Is it proposed to wipe this as part of the budget?

The small business 15‑year rule is that if you are a small business owner who has continuously owned an active business asset for at least 15 years and, at the time of sale, you are 55 or over and retiring (or permanently incapacitated), you can disregard the entire capital gain on that asset for CGT purposes.

Budget 2026-27 includes a 30% Minimum tax on discretionary trusts - https://budget.gov.au/content/factsheets/download/tax-explainers-minimum-tax-discretionary-trusts.pdf

> income from assets of discretionary testamentary trusts existing at announcement will also be excluded.

What options does that leave to avoid this onerous tax for future family members, including those not yet born?

(Ultimately the tax will depend on what passes through parliament.)