UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549
                                    FORM 10-K

(MARK ONE)

|X|   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934

                   For the fiscal period ended June 30, 2002

OR

| |   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

Commission file number:  333-75072

                 SECURITISATION ADVISORY SERVICES PTY. LIMITED
        in its capacity as manager of the Series 2002-1G Medallion Trust
                               ABN 88 064 133 946
             (Exact name of Registrant as specified in its charter)


            Australian Capital Territory, Commonwealth of Australia
            -------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)


                Level 6, 48 Martin Place, Sydney, 2000 Australia
                ------------------------------------------------
                    (Address of principal executive offices)


I.R.S. Employment identification No.
-------------------------------------
Not applicable.


Registrant's telephone, including area code:
(011) 612-9378-5293

Securities  registered or to be registered pursuant to Section 12(b) of the Act:
None

Securities  required to be registered pursuant to Section 12(g) of the Act:
None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the last 90 days.

      Yes  |X|     No  | |

The information  required for some items in Form 10-K is "not applicable" to the
Trust or the Trust  Manager.  As used in this Annual  Report filed on Form 10-K,
"not applicable" or "Not  Applicable"  means that the response to the referenced
item is omitted in reliance on the procedures outlined in the numerous no-action
letters issued by the Commission's  staff with respect to substantially  similar
certificates and trusts that filed annual reports on Form 10-K.

<PAGE>


                                TABLE OF CONTENTS

PART I

Item 1.   Business.............................................................1
Item 2.   Property.............................................................1
Item 3.   Legal Proceedings....................................................1
Item 4.   Submission of Matters to a Vote of Security Holders..................1


PART II

Item 5.   Market for Registrant's Common Equity and Related
            Stockholder Matters................................................1
Item 6.   Selected Financial Data..............................................2
Item 7.   Management's Discussion and Analysis of Financial Condition and
            Results of Operation...............................................2
Item 7A.  Quantitative and Qualitative Disclosures About Market Risk...........2
Item 8.   Financial Statements and Supplementary Data..........................4
Item 9.   Changes in and Disagreements With Accountants on Accounting and
            Financial Disclosure...............................................4


PART III

Item 10.  Directors and Executive Officers of the Registrant...................4
Item 11.  Executive Compensation...............................................4
Item 12.  Security Ownership of Certain Beneficial Owners and Management.......4
Item 13.  Certain Relationships and Related Transactions.......................4


PART IV

Item 14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K......5



                                       ii

<PAGE>

                                     PART I

ITEM 1.  BUSINESS

     This Annual  Report on Form 10-K  relates to the Series  2002-1G  Medallion
Trust (the "Trust") and the Class A-1 Mortgage  Backed  Floating Rate Notes (the
"Class A-1 Notes") issued  pursuant to the US Dollar Note Trust Deed dated as of
February 14, 2002 (the "US Dollar Note Trust Deed"),  between  Perpetual Trustee
Company  Limited,  as issuer  trustee  (the  "Issuer  Trustee");  Securitisation
Advisory Services Pty. Limited, as manager (the "Manager");  and The Bank of New
York, New York Branch as US Dollar note trustee (the "US Dollar Note  Trustee").
Capitalized  terms used in this Form 10-K and not defined have the same meanings
given to them in the Prospectus related to the Class A-1 Notes.

     The only  business  of the  Trust is the  collection  and  distribution  of
payments  on the  residential  mortgage  loans in the  manner  described  in the
Registration  Statement  on Form S-3 (File  No.  333-75072)  (the  "Registration
Statement"). Accordingly, there is no relevant information to report in response
to Item 101 of Regulation S-K.


ITEM 2.  PROPERTY

     The  Registrant  and  the  Trust  do  not  have  any  physical  properties.
Information  regarding the mortgage  loans is furnished  under Item 14 - Exhibit
99.1.


ITEM 3.  LEGAL PROCEEDINGS

     The Manager  knows of no material  legal  proceedings  involving any of the
Trust, the Manager or the Issuer Trustee which were pending as of June 30, 2002,
or as of the date of this report.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No votes or consents of Noteholders  were solicited  during the fiscal year
for any purpose.



                                     PART II


ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

     The Class A-1 Notes are not traded on any nationally recognized exchange in
the United States or any other securities exchange outside the United States.

     The Notes are currently represented by certificates  registered in the name
of Cede & Co., the nominee of The Depository Trust Company.  Accordingly, Cede &
Co.  is the sole  holder  of  record  of the  Notes,  which it held on behalf of
approximately 26 brokers,  dealers,  banks and other direct  participants in the
DTC system.



                                       1
<PAGE>


     Since the Trust pays no dividends with respect to the Class A-1 Notes,  the
information  required by Item 201(c) of Regulation  S-K  regarding  dividends is
inapplicable  to the Trust.  See Exhibit  99.1 for  information  with respect to
distributions to Noteholders.


ITEM 6.  SELECTED FINANCIAL DATA

     The regular quarterly  servicing  report,  which is required to be included
with each  quarterly  distribution  of the Trust's assets to  Noteholders,  sets
forth  for the  prior  quarter,  as well as  cumulatively,  all of the  relevant
financial  information  required by the US Dollar Note Trust Deed to be reported
to Noteholders.

     The quarterly  servicing report for the Distribution date in April 2002 for
the fiscal year ended June 30, 2002 is incorporated herein as Exhibit 99.1.

     The foregoing presents all relevant financial  information  relating to the
Trust.  Because of the  limited  business  activity of the Trust,  the  Selected
Financial  Data in Item 301 of Regulation  S-K would not provide any  meaningful
additional information.


ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS

     Because of the limited business  activity of the Trust, the presentation of
Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations,  as otherwise would be required by Item 303 of Regulation S-K, would
not be  meaningful.  All relevant  information  is  contained  in the  quarterly
servicing reports (filed under Current Reports on Form 8-K) as described above.


ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     Currency Exchange Control Risk

     Interest and  principal  payments to holders of Class A-1 Notes are paid in
United States dollars ("U.S. dollars").  However,  payments on the housing loans
are received by the Issuer  Trustee in  Australian  dollars,  in Australia  (the
"collections"). Pursuant to certain swap agreements (the "Swap Agreements"), the
Issuer Trustee is required to pay a portion of the collections to a certain swap
counterparty  (the "Currency Swap  Provider"),  who in turn pays ("Swap Currency
Exchange"),  at the  direction  of  the  Issuer  Trustee,  U.S.  dollars  to the
Noteholders,  (the "Currency Swap"). It is possible that in the future Australia
may impose exchange  controls that affect the availability of Australian  dollar
payments for making  payments  under the Currency Swap. The holders of the Class
A-1 Notes will bear the risk of the imposition of foreign  exchange  controls by
the  Australian  government  that  impact upon the Issuer  Trustee's  ability to
exchange the  collections  for U.S.  dollars.  The Issuer Trustee has no control
over such risk,  which will  generally  be affected by  economic  and  political
events in Australia. If the Issuer Trustee does not have sufficient funds to pay
the Currency  Swap Provider the A$ Class A-1 Interest  Amount on a  Distribution
Date, the Currency Swap Provider will not be required to make the  corresponding
US$  payment to the  Principal  Paying  Agent and,



                                       2
<PAGE>

after the applicable grace period,  the Currency Swap Provider may terminate the
Currency  Swaps.  In such  event,  it is  unlikely  that the  Trust  would  have
sufficient U.S. dollars to make the payments due on the Class A-1 Notes.

Under temporary  Australian foreign exchange  controls,  which may change in the
future,  payments by an Australian  resident to, by order of or on behalf of the
following payees may only be made with Reserve Bank of Australia approval:

      o     any of the following:

            o     the embassy or  consulate  general of the Federal  Republic of
                  Yugoslavia  (Serbia and  Montenegro) (in respect of any amount
                  in excess of $100,000);

            o     the Narodna Banka  Jugoslavije  (including Banque Nationale de
                  Yugoslavie)   (in   respect   of  any   amount  in  excess  of
                  $100,000);or

            o     certain  other  persons  and  entities  listed in  instruments
                  issued  under  the  Australian   Banking  (Foreign   Exchange)
                  Regulations  and  published  on behalf of the Reserve  Bank of
                  Australia  in the  Commonwealth  of  Australia  Gazette  on 24
                  October 2001;

            o     the National Union for the Total Independence of Angola (UNITA
                  or  senior  officials,  or  adult  members  of  the  immediate
                  families of the senior officials of UNITA.


Additionally,  under the Australian  Charter of United  Nations  (Anti-Terrorism
Measures)  Regulations 2001 the approval of the Australian  Minister for Foreign
Affairs,  or a person  authorised by the  Minister,  is required with respect to
certain payments and actions in relation to an asset prescribed  under, or which
is owned and controlled  directly or indirectly by a person or entity prescribed
under,  those  Regulations  or is an asset derived or generated from such assets
(prescribed  persons presently include,  amongst others, the Taliban,  Osama bin
Laden and other persons and entities connected with them). Such restrictions may
change in the future.

     Currency Exchange Rate Risk

     Interest and  principal on the Class A-1 Notes is payable in U.S.  dollars,
and the Trust's  primary  source for funding its payments on the Class A-1 Notes
is its collections on the mortgage loans,  which will be collected in Australian
dollars.  If the  Currency  Swap  Provider  were to fail to  perform  under  the
Currency  Swap or were to be  discharged  from  such  performance  because  of a
default thereunder by the Trust, the Trust might have to exchange its Australian
dollars for U.S. dollars at an exchange rate that is currently less favorable to
the Trust than when the Currency  Swap was entered into and might  therefore not
have  sufficient  U.S.  dollars to make timely  payments on the Class A-1 Notes,
even though the  delinquency  and loss  experienced on the mortgage loans may be
acceptable.



                                       3
<PAGE>

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

     As discussed above, furnishing the financial information required by Item 8
of Form 10-K would not add any  relevant  information  to that  provided  by the
foregoing statements. Because the Class A-1 Notes are essentially "pass-through"
securities, the Trust will have "income" only in the limited sense of collecting
payments on the residential mortgage loans. The only material items of "expense"
for the Trust will be the amounts paid as servicing compensation,  other amounts
due on the redraw bonds, if any, the amounts due the redraw  facility  provider,
and  potentially  certain  payments  relating  to any other  credit  enhancement
facilities. The quarterly servicing reports (filed under Current Reports on Form
8-K) provide all material information  regarding the amounts of the "income" and
"expenses" of the Trust.


ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

      None.

                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

     Since the Trust will not have directors or executive officers, this item is
not applicable.


ITEM 11. EXECUTIVE COMPENSATION

     Since the Trust will not have directors or executive officers, this item is
not applicable.


ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     All of the Class A-1 Noteholders  maintained their security  positions with
the Depository Trust Company.  While some of the Noteholders' security positions
in the Trust may  exceed 5% of the  outstanding  amount of the Class A-1  Notes,
such Class A-1 Notes do not constitute  voting  securities within the meaning of
Item 403 of Regulation S-K.

     None of the  officers or  directors  of the  Registrant  owns a  beneficial
interest in the Trust, nor in the Registrant.


ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     The Registrant received Manager's Fee payments from the Trust in accordance
with the terms of the US Dollar Note Trust Deed and Series Supplement.



                                       4
<PAGE>

                                     PART IV


ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

     (a) (1) and (2):

     Incorporated  herein  as  Exhibit  99.1  are the  aggregate  totals  of the
quarterly  servicing  reports  to the Trust for the  fiscal  year ended June 30,
2002.  A copy of the Officer's Certificate  of Compliance is attached  hereto as
Exhibit No. 99.2.  A Custodial Services  Audit Report is not included due to the
first audit date being due post September 2002.

      (a) (3)  EXHIBITS:


 Designation                      Description                   Method of Filing
 -----------                      -----------                   ----------------
 Exhibit 99.1       Aggregate Totals for the Fiscal Year              99.1
 Exhibit 99.2       The Manager Officer's Certificate of Compliance   99.2

     (b) On April 30, 2002 a report on Form 8-K was filed by the  Registrant  in
order to provide the statements for quarterly  distributions to the Noteholders.
No other reports on Form 8-K have been filed during the last fiscal year covered
by this Report.



                                       5
<PAGE>


                                   SIGNATURES

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange  Act of  1934,  the  Registrant  certifies  that  it  meets  all of the
requirements  for this report to be signed by on its behalf by the  undersigned,
thereunto duly authorized.

                                    SECURITISATION ADVISORY
                                    SERVICES PTY. LIMITED

                                    /s/    Timothy See
                                    --------------------------------------------
                                    Name:  Timothy See
Date: October 15, 2002              Title: Authorised Officer



                                       6
<PAGE>



     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report  has  been  signed  below  by the  following  persons  on  behalf  of the
Registrant and in the capacities and on the dates indicated.


                                      /s/  Garry Lynton Mackrell
                                    --------------------------------------------
                                    Name:  Garry Lynton Mackrell
                                    Title: Principal Executive Officer

Date: October 15, 2002


                                      /s/  Geoffrey Michael Steel
                                    --------------------------------------------
                                    Name:  Geoffrey Michael Steel
                                    Title: Principal Financial Officer

Date: October 15, 2002

                                      /s/  Geoffrey Michael Steel
                                    --------------------------------------------
                                    Name:  Geoffrey Michael Steel
                                    Title: Principal Accounting Officer
Date: October 15, 2002


                                      /s/  Garry Lynton Mackrell
                                    --------------------------------------------
                                    Name:  Garry Lynton Mackrell
                                    Title: Director
Date: October 15, 2002

                                      /s/  Geoffrey Michael Steel
                                    --------------------------------------------
                                    Name:  Geoffrey Michael Steel
                                    Title: Director
Date: October 15, 2002

                                      /s/  Craig Anthony Carland
                                    --------------------------------------------
                                    Name:  Craig Anthony Carland
                                    Title: Director
Date: October 15, 2002




                                       7
<PAGE>


                           SERIES 2002-1G MEDALLION TRUST

       Certification pursuant to Section 302(a) of the Sarbanes-Oxley Act of
                                      2002


I, Geoffrey Michael Steel,  the Principal  Financial  Officer of  Securitisation
Advisory Services Pty. Limited certify that:

     1.   I have reviewed  this annual  report on Form 10-K,  and all reports on
          Form 8-K containing  quarterly  servicing  reports filed in respect of
          periods  included  in the  year  covered  by this  annual  report,  of
          Securitisation  Advisory  Services Pty. Limited (the Trust Manager and
          Registrant);

     2.   Based on my knowledge,  the  information in these reports,  taken as a
          whole,  does not contain any untrue  statement  of a material  fact or
          omit to state a material fact necessary to make the  statements  made,
          in light of the  circumstances  under which such statements were made,
          not misleading as of the last day of the period covered by this annual
          report; and

     3.   Based on my  knowledge,  the  Noteholder  information  required  to be
          provided  to  the  Manager  by  the  Servicer  under  the  transaction
          documents is included in these reports.



     Date: October 15, 2002


       /s/  Geoffrey Michael Steel
     ------------------------------------
     Name:  Geoffrey Michael Steel
     Title: Principal Financial Officer



                                       8
<PAGE>



                                INDEX TO EXHIBITS


  Exhibit No.   Document Description
  -----------   --------------------

     99.1       Aggregate Totals for the Fiscal Year
     99.2       The Manager Officer's Certificate of Compliance




                                       9