I have a similar 'problem' and will pay $100,000+ to the taxman for FY 2007 but am not phased by it really .... one just has to "render unto Caesar what is Caesar's".
This current FY will be better as I have funnelled a lot into Super.
Short of moving to New Zealand ... becoming a Kiwi (never!!!!) and trading the NZ market where there is, I believe, no capital gains tax I don't think there is any easy 'way out' of paying that tax bill.
If you find a legitimate tax minimisation scheme that really works for share investors / traders in NSW let me know.
I remember reading waay back about Peter Cline - the "artful dodger" of tax evasion who refused to pay tax for years and instructed clients (for a fee) how they too could avoid paying tax. He was always one step ahead of the taxman but they were like hounds baying at his heels. He has long since departed this mortal coil (as far as I know) .... maybe the stress of worry about paying, or avoiding paying tax contributed to premature demise.
Nah ... Just give "Caesar" his due and smile all the way to your bank.
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