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I thought if the recipient's max tax rate higher then the recipient has to pay the difference. Otherwise the recipient would get the franking credit. Is it a dumb understanding? :)

Can you please expand on this state?

Is loaning from a 'bucket Trust' is simpler than loaning from a 'bucket company'?

I'm not sure. Distribution is what we tell the ATO how the income is distribution between beneficiaries. Payment is what we actually pay to beneficiaries. Right?

I guess I was. I thought I could use the income to buy the shares (capital cost) hence there is nothing left to distribute.

My understanding is that, all income needs to be distributed in the same financial year. Just wondering how we can postpone trust distributions to go into next financial year? Can we buy shares (or term deposit) in the Trust's name and then later sell it when ever we need to money to be...