EXHIBIT 13.1

      NOTEHOLDERS REPORTS FOR THE AUGUST 27, 2003 AND THE NOVEMBER 28, 2003
                                 PAYMENT DATES



                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington D.C. 20549

                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934


For the Collection Period ending August 18, 2003


                INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED,
                    (in its capacity as trust manager for the
                   Interstar Millenium Series 2003-1G Trust)
          -------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


       Level 28, 367 Collins Street, Melbourne, Victoria, 3000, Australia
       -------------------------------------------------------------------
                    (Address of Principal Executive Offices)


         Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.


                  Form 20-F  [X]           Form 40-F  [ ]

         Indicate  by check  mark  whether  the  registrant  by  furnishing  the
information contained in this Form is also thereby furnishing the information to
the Commission  pursuant to Rule 12g3-2(b) under the Securities  Exchange Act of
1934.

                    Yes  [ ]                  No   [X]

         If "Yes" is marked,  indicate  below the file  number  assigned  to the
registrant in connection with Rule 12g3-2(b): 82-_______________________.



<PAGE>


OTHER EVENTS

On February 27, 2003 Interstar  Securitisation  Management  Pty Limited,  in its
capacity as Trust Manager (the Trust Manager) of the Interstar  Millenium Series
2003-1G Trust (the Trust),  publicly issued  US$750,000,000 of Class A2 Mortgage
Backed Floating Rate Notes due May 2035 and  US$15,500,000  of Class B1 Mortgage
Backed  Floating Rate Notes due May 2035 (the Notes)  pursuant to a registration
statement (No.  333-102569)  declared effective on February 12, 2003.  Interstar
Securitisation  Management  Pty Limited was the manager for the  issuance of the
Notes.  Capitalized  terms used in this Form 6-K and not  defined  have the same
meanings given to them in the prospectus related to the Notes.

On May 27, 2003, the Quarterly  Payment Date, the Trust made a regular quarterly
distribution of principal and interest to the holders of the Notes issued by the
Trust.

On August  27,  2003,  the  Quarterly  Payment  Date,  the Trust  made a regular
quarterly  distribution  of  principal  and interest to the holders of the Notes
issued by the Trust.


                                      -2-

<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf,  as Trust
Manager for the Interstar  Millennium  Series 2003-1G Trust, by the undersigned,
thereunto duly authorized.

                                         Interstar Securitisation Management Pty
                                         Limited, (in its capacity as trust
                                         manager for the Interstar Millennium
                                         Series 2003-1G Trust) (Registrant)

Dated: September 17, 2003



                                    By:  /S/  SAM KYRIACOU
                                       -----------------------------------------
                                       Name:  Sam Kyriacou
                                       Title: Chief Executive Officer



                                      -3-
<PAGE>


                                  EXHIBIT INDEX


Exhibit           Description
-------           -----------

 99.1             Quarterly Noteholders Report Related to the August 27, 2003
                  Distribution





                                      -4-

<PAGE>
                                                                    Exhibit 99.1


                    INTERSTAR MILLENNIUM SERIES 2003-1G TRUST

     Quarterly Noteholders Report Related to the August 27, 2003 Distribtion


<TABLE>
<CAPTION>
<S>                                                                     <C>

Aggregate  principal amount of each class of notes as at the            A2 Notes:  USD $730,250,475.00
first  day after  the  Payment  Date  occurring  during  the                       AUD $1,237,075,886.41
collection period:                                                      B1 Notes:  USD $15,091,483.15
                                                                                   AUD $24,384,813.07


Aggregate  amount of interest payable on each class of notes            A2 Notes:  USD $2,892,603.27
on the Payment Date being 27th August 2003:
                                                                        B1 Notes:  USD $82,149.93


Aggregate  of  principal  payments  to be made in respect to            A2 Notes:  USD $36,702,693.94
each class of notes on the Payment Date being 27th August 2003:
                                                                        B1 Notes:  USD $758,522.34


Income for the collection period:                                       AUD $22,914,764.09


The Mortgage Principal Repayments for the collection period:            AUD $92,781,845.00


Expenses of the trust for the collection period:                        AUD $19,265,900.88


Aggregate  of all redraws on the  housing  loans made during            AUD $24,473,412.00
the collection period:


Interest  rates  (US all in) applicable for interest period             A2 Notes: 1.4100%
ending 28th November 2003:                                              B1 Notes: 1.9900%

The scheduled and unscheduled  payments of principal  during            Scheduled:      AUD $2,053,644.00
the collection period:                                                  Unscheduled:    AUD $90,728,201.00


Aggregate of outstanding balances of housing loans as at the            18 August 2003: AUD $1,293,214,745.00
last of day of the collection period:


Delinquency  and loss statistics with respect to the housing            Loss:
loans as at the last day of the collection period                       Nil
                                                                        Delinquency:
                                                                        0-29     1.83%
                                                                        30-59    0.26%
                                                                        60+      0.12%
</TABLE>

                                  Page 1 of 1
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington D.C. 20549

                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934


For the Collection Period ending November 18, 2003


                INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED,
                    (in its capacity as trust manager for the
                   Interstar Millenium Series 2003-1G Trust)
          -------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


       Level 28, 367 Collins Street, Melbourne, Victoria, 3000, Australia
       -------------------------------------------------------------------
                    (Address of Principal Executive Offices)


         Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.


                  Form 20-F  [X]           Form 40-F  [ ]

         Indicate  by check  mark  whether  the  registrant  by  furnishing  the
information contained in this Form is also thereby furnishing the information to
the Commission  pursuant to Rule 12g3-2(b) under the Securities  Exchange Act of
1934.

                    Yes  [ ]                  No   [X]

         If "Yes" is marked,  indicate  below the file  number  assigned  to the
registrant in connection with Rule 12g3-2(b): 82-_______________________.



<PAGE>


OTHER EVENTS

On February 27, 2003 Interstar  Securitisation  Management  Pty Limited,  in its
capacity as Trust Manager (the Trust Manager) of the Interstar  Millenium Series
2003-1G Trust (the Trust),  publicly issued  US$750,000,000 of Class A2 Mortgage
Backed Floating Rate Notes due May 2035 and  US$15,500,000  of Class B1 Mortgage
Backed  Floating Rate Notes due May 2035 (the Notes)  pursuant to a registration
statement (No.  333-102569)  declared effective on February 12, 2003.  Interstar
Securitisation  Management  Pty Limited was the manager for the  issuance of the
Notes.  Capitalized  terms used in this Form 6-K and not  defined  have the same
meanings given to them in the prospectus related to the Notes.

On May 27, 2003, the Quarterly  Payment Date, the Trust made a regular quarterly
distribution of principal and interest to the holders of the Notes issued by the
Trust.

On August  27,  2003,  the  Quarterly  Payment  Date,  the Trust  made a regular
quarterly  distribution  of  principal  and interest to the holders of the Notes
issued by the Trust.

On November 28,  2003,  the  Quarterly  Payment  Date,  the Trust made a regular
quarterly  distribution  of  principal  and interest to the holders of the Notes
issued by the Trust.


                                      -2-

<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf,  as Trust
Manager for the Interstar  Millennium  Series 2003-1G Trust, by the undersigned,
thereunto duly authorized.

                                         Interstar Securitisation Management Pty
                                         Limited, (in its capacity as trust
                                         manager for the Interstar Millennium
                                         Series 2003-1G Trust)
                                         ---------------------------------------
                                         (Registrant)


Dated: December 15, 2003

                                    By:   /S/ SAM KYRIACOU
                                       -----------------------------------------
                                       Name:  Sam Kyriacou
                                       Title: Chief Executive Officer



                                      -3-
<PAGE>


                                  EXHIBIT INDEX


Exhibit           Description
-------           -----------

 99.1             Quarterly Noteholders Report Related to the November 28, 2003
                  Distribution





                                      -4-

<PAGE>
                                                                    Exhibit 99.1


                    INTERSTAR MILLENNIUM SERIES 2003-1G TRUST

     Quarterly Noteholders Report Related to the November 28, 2003 Distribtion


<TABLE>
<CAPTION>
<S>                                                                     <C>

Aggregate principal amount of each class of notes as at the             A2 Notes:  USD $693,547,781.05
first day after the Payment Date occurring during the                              AUD $1,165,911,003.01
collection period:
                                                                        B1 Notes:  USD $14,333,320.81
                                                                                   AUD $22,982,035.44


Aggregate amount of interest payable on each class of notes             A2 Notes:  USD $2,526,247.79
on the Payment Date being 28th November 2003:
                                                                        B1 Notes:  USD $73,685.21


Aggregate of principal payments to be made in respect to each           A2 Notes:  USD $40,866,188.66
class of notes on the Payment Date being 28th November 2003:
                                                                        B1 Notes:  USD $844,567.90


Income for the collection period:                                       AUD $21,998,054.59


The Mortgage Principal Repayments for the collection period:            AUD $103,114,144.92


Expenses of the trust for the collection period:                        AUD $18,668,296.95


Aggregate of all redraws on the housing loans made during the           AUD $26,893,986.53
collection period:


Interest rates (US all in) applicable for interest period               A2 Notes:  1.4400%
ending 26th February 2004:                                              B1 Notes:  2.0200%


The scheduled and unscheduled payments of principal during              Scheduled:    AUD   $1,943,321.66
the collection period:                                                  Unscheduled:  AUD $101,170,823.26


Aggregate of outstanding balances of housing loans as at the            18 November 2003: AUD $1,216,994,587.00
last of day of the collection period:


Delinquency and loss statistics with respect to the housing             Loss:  Nil
loans as at the last day of the collection period
                                                                        Delinquency:   0-29      1.54%
                                                                                      30-59      0.50%
                                                                                      60+        0.32%


</TABLE>

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