Taking a payout and transferring it to your US bank account, will be considered a taxable event and will be reportable as income in the year that you make the transfer. If you pay any taxes in Australia for the distribution, these taxes can be claimed for a foreign tax credit on your US return.
Since you have been living in the US for a few years now, hopefully you have been keeping up with the annual reporting requirements of foreign accounts that DawnC mentioned to you in the previous post.
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