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I went digging on the ATO website, dont know if this is of any use (dont know if the link would work so I cut and pasted). I think I'm reading this right in that if the income distributed to the partners is assessable. Noting partners here is in a different context...

Dunno - when I rang the ATO about brokers rebating they said thats a new one and for it not to be included as income people had to get a special exclusion from the ATO on a case by case basis. So hopefully one of the rebate brokers can clear it up

If you give it back whats the possibility they then have to declare it as income as its a recurring thing? Good intentions may cause complications.