Where is the benefit? If all the beneficiaries are Australian residents then to get income out of the trust it has to be declared in an Australian tax return. I believe you are alluding to just not declaring which is tax evasion. Gives me a laugh to hear random HC posters talk about this like it's so simple and they're so smart. If you want to get away with tax evasion then you need to stop reading about it on HC and go see a high end accountant/lawyer. Hope you can afford tens of thousands of dollars a year in fees.
