Assignment Task:
The Ball Family Trust was established in 2014 as a discretionary family trust. Roger Ball was the principal of the Ball family and arranged a deed of trust establishing the Ball family trust, appointing him as sole trustee of the trust. The beneficiaries of the Ball Family Trust are Roger and Dina Ball and their children, grandchildren and other descendants. In 2023, the Ball Family Trust will have a net income of $120,000. Roger showed written minutes of trustee meetings in which he, as trustee, exercised his discretion to distribute $20,000 of the net income to himself; $20,000 to Dina (his wife); $20,000 to Nick (his adult son, 23, who was recently declared bankrupt); $20,000 to James (his adult non-resident son, now residing in Singapore), and $10,000 to AXZ Pty Ltd (a private company). Roger made a miscalculation and forgot to distribute the remaining $10,000 to anyone. They are all legal tax residents of Australia
Please advise Roger Ball of the tax consequences of these anticipated distributions, stating which party is responsible for paying the relevant taxes and the tax rate applicable to each distribution.