EXHIBIT 13.5



             Servicing Report - Aggregate Totals for the Fiscal Year



<PAGE>


SERIES 2000-1G MEDALLION TRUST AGGREGATED ANNUAL SERVICERS CERTIFICATE

Summary Distribution Details


Reporting Dates
---------------

Closing Date                                              27-Mar-00

Distribution dates:                                       12-Jul-00
                                                          12-Oct-00
                                                          12-Jan-01
                                                          12-Apr-01

Start Collection Period                                   27-Mar-00
End Collection Period                                     31-Mar-01
No. Of Days in Collection Period                                370

                                  No. of      Initial Invested  Initial Invested
Securities on Issue            Certificates     Amount (U$)        Amount (A$)
-------------------            ------------   ----------------  ----------------

Class A-1 Notes                    9,550         955,000,000     1,577,208,918
Class A-2 Notes                    1,500               -           150,000,000
Class B Notes                        150               -            15,000,000
Redraw Bond - series 1                 0               -                     -
Redraw Bond - series 2                 0               -                     0

US$/A$ exchange rate at issue     0.6055





                                       -1-
<PAGE>



Aggregated Distributions 1 July 2000 to 30 June 2001
----------------------------------------------------

                                                  Per Cert        Aggregate
                                                  ---------     -------------
Total Interest Amount:
   Class A-1 Notes                                10,226.14     97,659,637.00
   Class A-2 Notes                                 6,199.62      9,299,430.00
   Class B Notes                                   7,083.99      1,062,598.50
   Redraw Bond - series 1                              -                 -
   Redraw Bond - series 2                              -                 -
Principal:
   Class A-1 Notes                                37,671.78    359,765,454.99
   Class A-2 Notes                                22,810.26     34,215,390.00
   Class B Notes                                   1,768.18        265,227.00
   Redraw Bond - series 1                              -                 -
   Redraw Bond - series 2                              -                 -
Total:
   Class A-1 Notes                                47,897.92    457,425,091.99
   Class A-2 Notes                                29,009.88     43,514,820.00
   Class B Notes                                   8,852.17      1,327,825.50
   Redraw Bond - series 1                              -                 -
   Redraw Bond - series 2                              -                 -
   Total                                          85,759.97    502,267,737.49


Pool Factors                    1-Jul-00         30-Jun-01
------------                    --------         ---------

Class A-1 Notes                 1.00000000       0.77189740
Class A-2 Notes                 1.00000000       0.77189740
Class B Notes                   1.00000000       0.98231820
Redraw Bond - series 1                   -                 -
Redraw Bond - series 2                   -                 -




                                      -2-

<PAGE>


<TABLE>
<CAPTION>

Aggregated Cashflow Working Sheet
---------------------------------
                                                                 Per Certificate          Aggregate
                                                                        $                     $
                                                                 ---------------       --------------
<S>                                                              <C>                   <C>

Finance Charge Collections                                                             115,944,473.24
Finance Charge Collections - Repurchases                                                     7,760.61
Finance Charge Damages                                                                           -
Income due to Seller                                                                    (7,234,474.37)
Other Income                                                                             5,091,849.99
Preliminary Income Amount                                                              113,809,609.47

REQUIRED INCOME AMOUNT                                                                 115,956,970.80

Income Shortfall                                                                         2,147,361.33
Liquidity Facility Draw                                                                  2,147,361.33

Principal Chargeoff Unreimbursement                                                              -
Principal Chargeoff                                                                              -
Total Principal Chargeoff Reimbursement Due                                                      -

Preliminary Income Amount                                                              113,809,609.47
Liquidity Facility Draw                                                                  2,147,361.33
Available Income Amount                                                                115,956,970.80

Excess Distribution                                                                    Allocation/
                                                                                      Distribution
                                                                                                 -
Unpaid Facility Int. Chg - Liquidity
                         - Redraw                                                                -
Unpaid Security Interest Amount - Class A-1 Notes                                                -
                                - Class A-2 Notes                                                -
                                - Class B Notes                                                  -
                                - Redraw Bonds - series 1                                        -
                                - Redraw Bonds - series 2                                        -


</TABLE>

                                      -3-
<PAGE>


<TABLE>
<CAPTION>
<S>                                                                            <C>                  <C>
Facilities Outstanding
-----------------------

Liquidity Commitment Facility Limit                                                                  48,000,000.00
Beginning Liquidity Commitment Facility                                                              48,000,000.00
Previous Liquidity Facility Draw                                                                                 -
Repayment of Liquidity Facility                                                                                  -
Liquidity Facility Draw                                                                               2,147,361.33
Ending Liquidity Commitment Facility                                                                 45,852,638.67

Redraw Commitment Facility Limit                                                                     50,000,000.00
Beginning Redraw Commitment Facility                                                                 50,000,000.00
Previous Redraw Facility Draw                                                                                    -
Previous Redraw Facility Draw - Chargeoffs                                                                       -
Repayment of Redraw Facility                                                                                     -
Repayment of Unreimbursed Chargeoffs                                                                             -
Redraw Facility Draw - Unreimbursed Chargeoffs                                                                   -
Redraw Facility Available to Draw                                                                    50,000,000.00
Redraw Facility Draw                                                                                             -
Ending Redraw  Commitment Facility                                                                   50,000,000.00

Interest and Principal Distribution  Worksheet
----------------------------------------------
                                                                              Per Certificate            Aggregate
Interest Amount                                                                      $                       $
---------------
Class A-1 Notes
Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                               -                     -
Security  Interest Amount                                                          10,226.14         97,659,637.00
Total Interest Amount                                                                                97,659,637.00

Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                                                     -
Security  Interest Amount                                                                                        -
Interest Amount Payable                                                           10,226.14          97,659,637.00
Unpaid Security Interest Amount                                                                      97,659,637.00

Class A-2 Notes
Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                              -                      -
Security  Interest Amount                                                          6,199.62           9,299,430.00
Total Interest Amount                                                                                 9,299,430.00

Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                                                     -
Security  Interest Amount                                                                                        -
Interest Amount Payable                                                            6,199.62           9,299,430.00
Unpaid Security Interest Amount                                                                       9,299,430.00

Class B Notes
Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                              -                      -
Security  Interest Amount                                                          7,083.99           1,062,598.50
Total Interest Amount                                                                                 1,062,598.50

Unpaid Security Interest Amount (after last Distribution Date)                            -                      -
Interest on  Unpaid Security Interest Amount                                              -                      -
Security  Interest Amount                                                          7,083.99           1,062,598.50
Interest Amount Payable                                                        1,062,598.50                      -
Unpaid Security Interest Amount                                                           -                      -

Redraw Bonds - Series 1
Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                              -                      -
Security  Interest Amount                                                                 -                      -
Total Interest Amount                                                                                            -

Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                                                     -
Security  Interest Amount                                                                                        -
Interest Amount Payable                                                                   -                      -
Unpaid Security Interest Amount                                                                                  -

Redraw Bonds - Series 2
Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                              -                      -
Security  Interest Amount                                                                 -                      -
Total Interest Amount                                                                                            -

Unpaid Security Interest Amount (after last Distribution Date)                                                   -
Interest on  Unpaid Security Interest Amount                                                                     -
Security  Interest Amount                                                                                        -
Interest Amount Payable                                                                   -                      -
Unpaid Security Interest Amount                                                                                  -


                                      -4-
<PAGE>


Principal Amount
-----------------
Principal Collections                                                                               442,465,785.10
Principal Collections - Repurchases                                                                   1,307,008.00
  less Repayment Of Redraw Facility                                                                              -
  less Total Customer Redraw                                                                        (49,538,358.29)
  plus Redraw Facility Draw                                                                                      -
  plus Redraw Bonds Issue this month                                                                             -
  Aggregate Principal Damages from Seller & Servicer                                                             -
  Principal Chargeoff Reimbursement  - Class B Notes                                                             -
                                     - Class A-1 Notes                                                           -
                                     - Class A-2 Notes                                                           -
                                     - Redraw Bonds - Series 1                                                   -
                                     - Redraw Bonds - Series 2                                                   -
                                     - Redraw Facility                                                           -
  Principal rounding b/f                                                                                 11,637.29

  Scheduled Principal Amount                                                         28,254,218.23

  Unscheduled Principal Amount - Partial Prepayment                                 289,985,039.56
  Unscheduled Principal Amount - Full Prepayment                                    125,533,535.96
  Unscheduled Principal Amount - less redraws + C/O Reim                            365,980,217.23


Total Available Principal Amount for Redraw Bonds                                                    394,246,072.10

Principal Distribution - Redraw Bonds - Series 1                                                 -                -
Principal Distribution - Redraw Bonds - Series 2                                                 -                -

 Principal rounding b/f                                                                                   11,637.29
Total Unscheduled Principal Amount                                                                   365,980,217.23
Total Scheduled Principal Amount                                                                      28,254,218.23
Total Available Principal Amount for Notes                                                           394,246,072.75


Principal Allocation
---------------------

Class A Percentage via Stepdown                                                                                 100%
Class A Available Principal Payment
        Class A-1 Principal Payment                                                      37,671.78   359,765,454.99
        Class A-2 Principal Payment                                                      22,810.26    34,215,390.00
Class B Principal Payment                                                                 1,768.18       265,227.00

Principal rounding c/f                                                                                         0.76


Principal Losses
----------------

Principal Losses                                                                                                  -
  Principal Draw Amount - Pool Mortgage Insurance Policy                                                          -
  Principal Draw Amount - Individual Mortgage Insurance Policy                                                    -
Net Principal Losses                                                                                              -
Principal Chargeoff  - Class B Notes                                                                              -
                     - Class A-1 Notes                                                                            -
                     - Class A-2 Notes                                                                            -
                     - Redraw Bonds Series 1                                                                      -
                     - Redraw Bonds Series 2                                                                      -
                     - Redraw Facility                                                                            -

Class A-1 Notes
Beginning Unreimbursed Principal Chargeoffs                                                                       -
Principal Chargeoff                                                                                               -
Principal Chargeoff Reimbursement                                                                                 -
Ending Unreimbursed Principal Chargeoffs                                                                          -

Class A-2 Notes
Beginning Unreimbursed Principal Chargeoffs                                                                       -
Principal Chargeoff                                                                                               -
Principal Chargeoff Reimbursement                                                                                 -
Ending Unreimbursed Principal Chargeoffs                                                                          -

Class B Notes
Beginning Unreimbursed Principal Chargeoffs                                                                       -
Principal Chargeoff                                                                                               -
Principal Chargeoff Reimbursement                                                                                 -
Ending Unreimbursed Principal Chargeoffs                                                                          -

Redraw Bonds - Series 1
Beginning Unreimbursed Principal Chargeoffs                                                                       -
Principal Chargeoff                                                                                               -
Principal Chargeoff Reimbursement                                                                                 -
Ending Unreimbursed Principal Chargeoffs                                                                          -

Redraw Bonds - Series 2
Beginning Unreimbursed Principal Chargeoffs                                                                       -
Principal Chargeoff                                                                                               -
Principal Chargeoff Reimbursement                                                                                 -
Ending Unreimbursed Principal Chargeoffs                                                                          -

Redraw Facility
Beginning Unreimbursed Principal Chargeoffs                                                                       -
Principal Chargeoff                                                                                               -
Principal Chargeoff Reimbursement                                                                                 -
Ending Unreimbursed Principal Chargeoffs                                                                          -
</TABLE>



                                      -5-

<PAGE>

<TABLE>
<CAPTION>

Investors Balance Outstanding Worksheet
---------------------------------------
                                                                    Aggregate                Aggregate
                                                                       US$                       A$
                                                                  --------------          ----------------
<S>                                                               <C>                     <C>

Class A-1 Notes
Initial Invested Amount                                           955,000,000.00          1,577,208,918.25
   previous Principal Distribution                                          -                         -
   Principal Distribution for current period                      217,837,983.00            359,765,454.99
Total Principal Distribution to date                              217,837,983.00            359,765,454.99
Beginning Invested Amount                                         955,000,000.00          1,577,208,918.25
Ending Invested Amount                                            737,162,017.00          1,217,443,463.26
Unreimbursed Principal Chargeoffs                                           -                         -
Beginning Stated Amount                                           955,000,000.00          1,577,208,918.25
Ending Stated Amount                                              737,162,017.00          1,217,443,463.26

Class A-2 Notes
Initial Invested Amount                                                                     150,000,000.00
   previous Principal Distribution                                                                    -
   Principal Distribution for current period                                                 34,215,390.00
Total Principal Distribution to date                                                         34,215,390.00
Beginning Invested Amount                                                                   150,000,000.00
Ending Invested Amount                                                                      115,784,610.00
Unreimbursed Principal Chargeoffs                                                                     -
Beginning Stated Amount                                                                      15,000,000.00
Ending Stated Amount                                                                        115,784,610.00

Class B Notes
Initial Invested Amount                                                                      15,000,000.00
   previous Principal Distribution                                                                    -
   Principal Distribution for current period                                                    265,227.00
Total Principal Distribution to date                                                            265,227.00
Beginning Invested Amount                                                                    15,000,000.00
Ending Invested Amount                                                                       14,734,773.00
Unreimbursed Principal Chargeoffs                                                                     -
Beginning Stated Amount                                                                      15,000,000.00
Ending Stated Amount                                                                         14,734,773.00

Redraw Bonds - Series 1
Previous Initial Invested Amount                                                                      -
Initial Invested Amount                                                                               -
   Principal Distribution (after last Distribution Date)                                              -
   Principal Distribution for current period                                                          -
Total Principal Distribution to date                                                                  -
Beginning Invested Amount                                                                             -
Ending Invested Amount                                                                                -
Unreimbursed Principal Chargeoffs                                                                     -
Beginning Stated Amount                                                                               -
Ending Stated Amount                                                                                  -

Redraw Bonds - Series 2                                                                               -
Previous Initial Invested Amount                                                                      -
Initial Invested Amount                                                                               -
   Principal Distribution (after last Distribution Date)                                              -
   Principal Distribution for current period                                                          -
Total Principal Distribution to date                                                                  -
Beginning Invested Amount                                                                             -
Ending Invested Amount                                                                                -
Unreimbursed Principal Chargeoffs                                                                     -
Beginning Stated Amount                                                                               -
Ending Stated Amount                                                                                  -
</TABLE>



                                      -6-
<PAGE>


                                  EXHIBIT 99.1

                  Securitisation Advisory Services Pty Limited
                       OFFICER'S CERTIFICATE OF COMPLIANCE


The  undersigned  officer of  Securitisation  Advisory  Services Pty Limited,  a
company organized under the laws of New South Wales,  Australia ("SAS"),  hereby
certifies  on behalf of SAS and on his own behalf for  purposes of the Class A-1
Mortgage Backed Floating Rate Notes (collectively, the "Notes"), as follows:

1.  I am a duly appointed, qualified and acting Director of SAS;

2.  I am duly authorised to execute and deliver this Officer's Certificate
    on behalf of SAS; and

3.  To the best of my knowledge, the Issuer Trustee has complied with all
    conditions and covenants under the Transaction Documents, for the
    Series 2000-1G Medallion Trust issue of Notes for the period between
    July 1, 2000 and June 30, 2001.

Capitalised  terms used and not defined herein shall have the meanings  assigned
to such terms in the Note Trust Deed  related to the  above-referenced  issue of
Notes.

IN WITNESS WHEREOF, I have signed my name as of December 20, 2001.


/s/ Raymond George Wilkie
__________________________________
Name:  Raymond George Wilkie

Director
Securitisation Advisory Services Pty Limited




<PAGE>


                                  EXHIBIT 99.2


                          DOCUMENT CUSTODY AUDIT REPORT



<PAGE>


10 December 2001

Ms. Monica Stephen
Perpetual Trustee Company Limited
39 Hunter Street
SYDNEY NSW  2000

Dear Madam

DOCUMENT CUSTODY PROCEDURES - 30 SEPTEMBER 2001

o   Series 1997-1 Medallion Trust

o   Series 1998 - 1 Medallion Trust

o   Series 2000 - 1G Medallion Trust

o   Series 2000 - 2G Medallion Trust

o   Series 2000 - 1G Medallion Trust


1.   TERMS OF ENGAGEMENT

Commonwealth  Bank of  Australia  ("CBA"),  as Seller and Servicer of the Series
1997-1 Medallion Trust,  Series 1998-1 Medallion Trust, Series 2000-1G Medallion
Trust,  Series 2000-2G  Medallion Trust and Series 2001-1G  Medallion Trust (the
"Trusts"),  by letters of instruction  dated 29 May 2001,  engaged us to perform
certain  procedures in  connection  with CBA's role as custodian of the mortgage
documents  forming part of the assets of the Trusts.  The engagement is pursuant
to the  requirements  of  clause  25.6 of the  Trusts'  Series  Supplement  (the
"Deed").

Our engagement was undertaken in accordance with Australian  Auditing  Standards
applicable  to  agreed  upon  procedure  engagements.   The  responsibility  for
determining  the adequacy or otherwise of the procedures  agreed to be performed
is that of the addressee.  We disclaim any assumption of responsibility  for the
adequacy or otherwise of the procedures requested.

2.  AGREED UPON PROCEDURES

The  procedures  we agreed to  perform,  as  detailed  by CBA in the  letters of
instruction  noted above, are as prescribed in the Deed clauses 25.6(a) and (b).
These procedures involved:

o    review of custodial procedures adopted by CBA; and

o    review of the accuracy of information in respect of the
     Trusts' mortgage loans contained on the:

     (a)  Security Register; and
     (b)  monthly computer diskette sent to the Trustee.

Responsibility  for performance of the custodial  procedures and the preparation
of the  monthly  Trustee  information  is that of the  management  of CBA.  This
includes  compliance with the requirements of the Deed,  maintenance of adequate
accounting records and internal controls.


                                      -1-

<PAGE>


3.  NATURE AND EXTENT OF PROCEDURES

The agreed upon procedures performed included the following:

3.1      GENERAL

1.       Obtained a copy of the Deed  prior to  commencement  of the  procedures
         listed  below and read clause 25,  "Seller as Custodian of the Mortgage
         Loan documents" to confirm our  understanding  of the purpose and scope
         of the procedures.

2.       Obtained a  diskette  copy of the  "Trustee  Monthly  Report"  (sourced
         directly from the Home Loan System ("HLS")) as at 30 September 2001 for
         the Series 1997-1,  Series 1998-1,  Series 2000-1G,  Series 2000-2G and
         Series  2001-1G pool of loans,  which  details  information  on all the
         loans held in the Trusts as at that date.

3.       Using an automated audit sampling tool, "Audit Common Language"
         ("ACL"), we performed the following:

         (i)    stratified the population by location of security packet, to
                assess the spread of security packets across the states;

         (ii)   ran the sampling tool, to select a sample of the population
                for audit testing, using a confidence level of 95% and an
                upper error limit of 5% (as specified by CBA); and

         (iii)  printed the report of selected loans ("Sample Report").

The  stratification  of data  provided the  following  details about the pool of
Trust loans and their location in Australia:

Series 1997-1:

--------------------------- --------------------------- ------------------------
NSW                                     352                     26.63
QLD                                     208                     15.73
SA                                       91                      6.88
VIC                                     539                     40.78
WA                                      132                      9.98
--------------------------- --------------------------- ------------------------
Total                                 1,322                    100.00
--------------------------- --------------------------- ------------------------



                                      -2-
<PAGE>


Series 1998-1:

------------------------- --------------------------- --------------------------
NSW                                     488                     33.98
QLD                                     168                     11.70
SA                                       57                      3.97
VIC                                     552                     38.44
WA                                      171                     11.91
------------------------- --------------------------- --------------------------
Total                                 1,436                    100.00
------------------------- --------------------------- --------------------------


Series 2000-1G:

------------------------- --------------------------- --------------------------
NSW                                   3,951                     32.20
QLD                                   1,655                     13.49
SA                                      682                      5.56
VIC                                   4,243                     34.59
WA                                    1,737                     14.16
------------------------- --------------------------- --------------------------
Total                                12,268                    100.00
------------------------- --------------------------- --------------------------


Series 2000-2G:

------------------------- --------------------------- --------------------------
NSW                                   4,855                     28.53
QLD                                   3,239                     19.03
SA                                    1,405                      8.26
VIC                                   5,405                     31.76
WA                                    2,114                     12.42
------------------------- --------------------------- --------------------------
Total                                17,018                    100.00
------------------------- --------------------------- --------------------------


Series 2001-1G:

------------------------- --------------------------- --------------------------
NSW                                   8,648                     40.45
QLD                                   1,744                      8.15
SA                                    1,305                      6.10
VIC                                   7,172                     33.53
WA                                    2,518                     11.77
------------------------- --------------------------- --------------------------
Total                                21,387                    100.00
------------------------- --------------------------- --------------------------


3.2  REVIEW OF CUSTODIAL PROCEDURES

The security packets in relation to the Trusts' loan portfolio are held at CBA's
Loan  Processing  Centres  ("LPC")  which are located in each capital  city.  In
consultation  with CBA it was  agreed  that  each  annual  review  of  custodial
procedures  should  be  undertaken  at the LPC in New  South  Wales,  the LPC in
Victoria and the LPC in one other state chosen on a cyclical basis. The cycle of
visits is as follows:

                                      -3-
<PAGE>

o     South Australia;

o     Queensland and

o     Western Australia.

Our procedures  for this review were  undertaken at the LPCs in New South Wales,
Victoria and Western Australia.

Deed clause  25.7(a)  specifies  that the review of  custodial  procedures  must
consist of reporting on whether:

o     the mortgage documents forming part of the assets of the Series Trusts
      are capable of identification and are distinguishable from the other
      assets of the Seller (CBA);

o     controls exist such that the mortgage documents may not be removed
      or tampered with except with appropriate authorisation; and

o     an appropriate tracking system is in place such that the location of
      the security packets containing the mortgage documents in respect of
      the mortgage loans comprising Assets of the Series Trusts can be
      detected at any time and the location of the mortgage documents (other
      than the mortgage documents in relation to the First Layer of
      Collateral Securities but including any Insurance Policy or certificate
      of currency for an Insurance Policy in relation to a mortgage loan) can
      be detected at any time.

Specific procedures performed were as follows:

1.       Obtained and reviewed a copy of the following:

         o   instructions to the LPCs,  issued by CBA, in relation to their
             Custodial Procedure responsibilities, issued at the
             commencement of the Trusts.

         o   confirmation issued by the individual LPCs, confirming the
             implementation of the Custodial Procedures as outlined in
             the instructions.

2.       At  each  LPC  visited  discussions  were  held  with  the  Manager  or
         Supervisor  of the Document  Custody Area to ascertain the controls and
         procedures  implemented  at that  location in relation to the following
         custodial requirements:

         o   separation of and identification of the security packets as
             securitised;

         o   physical security; and

         o   tracking of these security packets.

3.       At each LPC  visited  a tour of the  building  and  compactus  area was
         undertaken to confirm the representation  provided by CBA management on
         the custodial requirements outlined above.

                                      -4-

<PAGE>

4.       At each LPC visited  documented  all  procedures and controls that have
         been implemented to ensure the safe custody of the security packets.


3.3   ACCURACY OF INFORMATION

Deed clause 25.7(b)  specifies that the review of the accuracy of information in
respect of the mortgages must consist of reviewing a sample of security  packets
in respect of the mortgage loans to determine whether they contain:

(i)      an original counterpart of the corresponding mortgage;

(ii)     the Certificate of Title (if any) in respect of the Land which is
         the subject of the mortgage;

(iii)    (where applicable) any mortgage insurance policy in respect of the
         corresponding mortgage other than the policy from GE Mortgage Insurance
         Pty Ltd (GEMI), formerly  known as HLIC, for Series 1997-1 and 1998-1,
         policy from GEMICO for Series  2000-1G, and policy from PMI for Series
         2000-2G and 2000-1G.

We are also  required to confirm the accuracy of the  information  in respect of
the above  contained  in both the  Security  Register and the most recent of the
monthly computer diskettes provided to the Trustee. The information contained in
the monthly report to the Trustee in terms of Clause  6.1(h),  the source of the
information  and the  check to be  performed,  was  tabulated  in our  letter of
instruction, and is as follows:

<TABLE>
<CAPTION>

                                                                 On or in Security
Information Provided               Source                        Packet                  Check to be performed
---------------------------------  ----------------------------  ---------------------   -----------------------
<S>                                <C>                           <C>                     <C>

Location of the packet             HLS / Tracking System         N/A                     HLS to security packet

Mortgage Registration Number       HLS                           Yes                     HLS to security packet

Mortgagor(s)' surname              HLS                           Yes                     HLS to security packet

Title Particulars                  HLS                           Yes                     HLS to security packet
</TABLE>



The  information  provided to the Trustee  represents  the  attributes  which we
examine in our sample testing and we report all exceptions or errors  identified
thereon.

In carrying out the tests detailed above,  our letter of instruction  directs us
to use the  Exception  List  attached as Appendix 1 to this letter to  interpret
whether  or not an  exception  was an error  for the  purposes  of this  letter.
Further, our letter of instruction directs us, in determining whether a mortgage
insurance  policy  other than GEMI (or GEMICO and PMI  policies as  specified in
(iii) above) should be present, to rely on:

o   whether or not the  Servicer's  policy is to allow insurance other than
    GEMI (or GEMICO and PMI policies as specified in (iii) above), and if so;

o   the mortgage insurance details recorded on the Servicer's information
    system.


                                      -5-
<PAGE>

In accordance with the terms of the engagements,  we conducted an examination on
a sample of security  packets.  Procedures  with  respect to the accuracy of the
information  were designed to provide 95% confidence  that the upper error limit
in the population did not exceed 5%.

The Series 1997-1,  Series  1998-1,  Series  2000-1G,  Series 2000-2G and Series
2001-1G pool of loans as at 30 September 2001 consisted of 1,322, 1,436, 12,268,
17,018 and 21,387  mortgage loans,  respectively.  As described in the "General"
section 3.1 above, the testing  parameters and confidence levels were applied to
select  our  random  sample  of  loans,  on which  to  perform  our  examination
procedures.  On this basis, we randomly  selected a sample of 60 loans from each
pool.

The profile of the sample selected was as follows:

Series 1997-1:

------------------------- --------------------------- --------------------------
NSW                                      10                     16.67
QLD                                      11                     18.33
SA                                        5                      8.33
VIC                                      28                     46.67
WA                                        6                     10.00
------------------------- --------------------------- --------------------------
Total                                    60                    100.00
------------------------- --------------------------- --------------------------

Series 1998-1:


------------------------- --------------------------- --------------------------
NSW                                      21                     35.00
QLD                                       5                      8.33
SA                                        2                      3.34
VIC                                      27                     45.00
WA                                        5                      8.33
------------------------- --------------------------- --------------------------
Total                                    60                    100.00
------------------------- --------------------------- --------------------------

Series 2000-1G:

------------------------- --------------------------- --------------------------
NSW                                      16                     26.67
QLD                                      15                     25.00
SA                                        2                      3.33
VIC                                      22                     36.67
WA                                        5                      8.33
------------------------- --------------------------- --------------------------
Total                                    60                     100.00
------------------------- --------------------------- --------------------------


Series 2000-2G:

------------------------- --------------------------- --------------------------
NSW                                      13                     21.67
QLD                                      19                     31.67
SA                                        6                     10.00
VIC                                      17                     28.33
WA                                        5                      8.33
------------------------- --------------------------- --------------------------
Total                                    60                    100.00
------------------------- --------------------------- --------------------------


                                      -6-
<PAGE>

Series 2001-1G:

------------------------- --------------------------- --------------------------
NSW                                      23                     38.33
QLD                                       7                     11.67
SA                                        5                      8.33
VIC                                      24                     40.00
WA                                        1                      1.67
------------------------- --------------------------- --------------------------
Total                                    60                     100.00
------------------------- --------------------------- --------------------------

Specific procedures performed on the sample selected were as follows:

1.       Examined the security packets to ensure that they contained:

         (i)      an original mortgage;

         (ii)     a Certificate of Title to the parcel of land which is
                  subject to the mortgage; and

         (iii)    mortgage insurance policy certificate, if loan not insured
                  under the GEMI (or GEMICO and PMI as specified in 3.3(iii)
                  above) policy.

2.       Agreed the following information provided on the 30 September 2001
         Trustee diskette to the security packets and HLS:

         o        location of the security packets;

         o        mortgage registration number;

         o        mortgagor(s)' surname;

         o        Certificate of Title details; and

         o        where applicable, any mortgage insurance policy in respect of
                  the corresponding mortgage other than the GEMI (or GEMICO and
                  PMI as specified in 3.3(iii) above) mortgage insurance policy.

3.       If any of the security  packets did not contain any of the items listed
         in step 1 above;  explanations  were  obtained  from the  relevant  CBA
         personnel  regarding  the  documents  not in the packets or whether the
         security  packets or CBA's records indicate the location of the missing
         documents.

4.       Assessed the reasonableness and viability of any such explanations.


                                      -7-
<PAGE>


4.       DISCLAIMER

The procedures outlined in sections 2 and 3 above, do not constitute an audit in
accordance with Australian Auditing Standards,  and therefore, we do not express
any assurance on the relevant information on CBA's document custody systems. Had
we performed  additional  procedures  or had we performed an audit in accordance
with  Australian  Auditing  Standards  other  matters  might  have  come  to our
attention which would have been reported to you.


5.       RESULTS OF AGREED-UPON PROCEDURES

5.1      CUSTODIAL PROCEDURES

During our review of Custodial Procedures of CBA at the LPCs in New South Wales,
Victoria and Western Australia, the following aspects were noted:

o     consistent use and maintenance of the HLS system at the LPCs as the
      security packet tracking system.  The Record Management System ("RMS"),
      used by the Conveyancing department, may also be used in the larger
      LPCs by the Document Custodians, as it enables more detail on the
      packets to be reviewed;

o     physical security of the packet compactus areas appears adequate
      and reasonable (giving due consideration to the size of the LPC
      and the number of packets in custody);

o     securitised loan packets are kept separate from other loan packets
      and are clearly identified as  "SECURITISED";

o     security  packets in relation to different Series Trusts were clearly
      identified and separately identifiable within the Securitised area of
      the compactus rooms; and

o     adequate controls appear to exist at the LPCs such that the mortgage
      documents may not be removed or tampered with, without appropriate
      authorisation.

5.2      ACCURACY OF INFORMATION

5.2.1.   Exception Noted During Testing

We have noted a number of minor  inconsistencies in respect of mortgagors' names
recorded on the HLS system.  We have brought  these to CBA's  attention  and all
such instances have been rectified.

These exceptions are considered to be "Tolerable  Exceptions" in accordance with
the attached Exception List.


                                      -8-
<PAGE>

5.2.2.   Evaluation of Sample Results

The terms of our engagement specified the following testing parameters:

     -----------------------------------------------------------------  --------
     CONFIDENCE LEVEL                                                      95.0%
     This is the complement of sampling risk.  That is, for the
     purposes of our sample testing, you wish to achieve a 95.0%
     confidence level that the results of our testing will be
     statistically accurate.  Therefore, you accept that there is a
     5.0% chance that our results will not be representative of the
     population.

     UPPER ERROR  LIMIT                                                     5.0%
     The upper error limit is the maximum  possible error rate of
     deviations or exceptions in the  population.  This is the
     hypothesis that the testing is designed to achieve.

     EXPECTED ERROR RATE                                                    0.0%
     Reflects the anticipated rate of error in the population.  Given
     a sample is representative of the population, this is also the
     expected error rate in the sample.  In planning the sample size
     the expected error rate is the maximum possible rate of
     deviations or exceptions permitted to achieve the stated
     confidence level.
     -----------------------------------------------------------------  --------


In analysing the results of testing it should be appreciated that,  depending on
the attribute being tested, the error rate can vary  significantly  (although if
errors were detected for any attribute this would have required us to adjust the
sample size to achieve the given confidence level). Accordingly,  any assessment
needs to be made on an item by item basis to determine the significance of error
rates recorded for each of the attributes tested.

As no exceptions other than "Tolerable Exceptions" were noted during testing, we
can conclude with 95.0%  confidence that for each attribute  tested for accuracy
of  information  the maximum  possible error rate of deviations or exceptions in
the population of each of the Trusts will not exceed 5.0%.


6.  STATEMENT ON CUSTODIAL PERFORMANCE

Deed clauses 25.7(b) and 25.8 specify certain  statements to be made as a result
of conducting the agreed-upon procedures described in this letter.

On the basis of the above procedures:

(i)      no matter came to our attention that would indicate that the
         mortgage information provided to the Trustee on a monthly basis
         is not accurate;

                                      -9-

<PAGE>


(ii)     no matter came to our attention that would indicate that the custodial
         procedures adopted by CBA are not satisfactory to ensure that:

o        the mortgage documents forming part of the assets of the Series
         Trusts are capable of identification and are distinguishable from
         the other assets of CBA;

o        controls exist such that the mortgage documents may not be removed
         or tampered with except with appropriate authorisation; and

o        an appropriate tracking system is in place such that the location of
         the security packets can be detected at any time and the location of
         the mortgage documents can be detected at any time.

(iii)    in accordance with the following grading system (as defined in
         Clause 25.8 of the Deed) we grade CBA's overall custodial performance
         as B, due to the minor exceptions noted.
<TABLE>
<CAPTION>

         ------------ ---------------------------------- ------------------------------------------------------------
         <S>          <C>                                <C>

         A            Good                               All control procedures and accuracy of information in
                                                         respect of mortgage loan testing completed without
                                                         exception
         ------------ ---------------------------------- ------------------------------------------------------------

         B            Satisfactory                       Minor exceptions noted
         ------------ ---------------------------------- ------------------------------------------------------------

         C            Improvement Required               Base internal controls are in place but a number of issues
                                                         were identified that need to be resolved for controls to
                                                         be considered adequate; and/or Testing of the information
                                                         in respect of mortgage loans identified a number of minor
                                                         exceptions which are the result of non-compliance with the
                                                         control system
         ------------ ---------------------------------- ------------------------------------------------------------

         D            Adverse                            Major deficiencies in internal controls were identified.
                                                         Cannot rely on the integrity of the information in respect
                                                         of mortgage loans on the security system and the trustee
                                                         diskette
         ------------ ---------------------------------- ------------------------------------------------------------
</TABLE>


                                      -10-

<PAGE>


This report is solely for the  information of the addressees in connection  with
the Trusts and is not to be used,  circulated or otherwise referred to, in whole
or in part without our prior written consent.

Please contact Jeff  Chamberlain  on (02) 9248 4833 or Katya  Kuznetsova on (02)
9248 4932 if we can be of further assistance in this matter.

Yours faithfully


/s/ Ernst & Young

ERNST & YOUNG







Attn.    Appendix 1:  Document Custody Procedures Exception List

cc:      Mr. Tim See, Group Treasury, Commonwealth Bank of Australia
         Ms. Gwenneth O'Shea, Group Treasury, Commonwealth Bank of Australia


                                      -11-
<PAGE>


APPENDIX 1

<TABLE>
<CAPTION>

DOCUMENT CUSTODY PROCEDURES EXCEPTION LIST

------------------------------------------------------------ ---------------------------------------------------------
<S>     <C>                                                  <C>
Errors                                                       Tolerable exception (to be listed but not included in
                                                             sample error rate)
------------------------------------------------------------ ---------------------------------------------------------

o    Document missing (without reasonable explanation)       o   Reasonable explanation by Servicer (e.g. local
                                                                 practice in title office jurisdiction, normal
                                                                 course of business)
------------------------------------------------------------ ---------------------------------------------------------

o   Information recorded on security register                o   Details record twice
    contains incomplete or misleading details as to:         o   Mortgage insurance policy number not recorded
    -   Registered mortgage number                               on system
    -   Certificate of Title reference; or                   o   Any other audit findings which are not Errors
    -   Mortgagor's surname                                      as defined in this Appendix.
------------------------------------------------------------ ---------------------------------------------------------
</TABLE>





                                      -12-
<PAGE>


                                       23



                                  EXHIBIT 99.4



              AUDITED ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2001



<PAGE>

                                                                    EXHIBIT 99.4
                                                                    ------------

INDEPENDENT AUDIT REPORT

To the unitholders of the Series 2000-1G Medallion Trust


SCOPE

We have audited the financial  reports of the Series 2000-1G Medallion Trust for
the  financial  year ended 30 June 2001 as set out on pages 3 to 17. The Manager
is responsible for the financial  report. We have conducted an independent audit
of the financial  report in order to express an opinion on it to the unitholders
of the Series 2000-1G Medallion Trust.

Our audit has been conducted in accordance with Australian Auditing Standards to
provide  reasonable  assurance  as to whether  the  financial  report is free of
material misstatement.  Our procedures included examination, on a test basis, of
evidence  supporting the amounts and other  disclosures in the financial report,
and the evaluation of accounting policies and significant  accounting estimates.
These  procedures  have  been  undertaken  to form an  opinion  whether,  in all
material  respects,  the financial report is presented fairly in accordance with
Accounting Standards,  other mandatory  professional  reporting requirements and
the  Trust  Deed  so  as  to  present  a  view  which  is  consistent  with  our
understanding of the financial  position of the Series 2000-1G  Medallion Trust,
the results of its operations and its cash flows.

The audit opinion expressed in this report has been formed on the above basis.


AUDIT OPINION

In our  opinion,  the  financial  report  presents  fairly  in  accordance  with
applicable  Accounting  Standards,   other  mandatory   professional   reporting
requirements  and the Trust Deed the  financial  position of the Series  2000-1G
Medallion  Trust as at 30 June 2001 and the  results of its  operations  and its
cash flows for the year then ended.


/s/ Ernst & Young

ERNST & YOUNG


Sydney

Date:  25 October 2001



                                        1
<PAGE>



                                 SERIES 2000-1G

                                 MEDALLION TRUST







                                  ANNUAL REPORT

                         FOR THE YEAR ENDED 30 JUNE 2001













                                        2
<PAGE>


SERIES 2000-1G MEDALLION TRUST

MANAGER'S REPORT

The Manager presents its report on the financial statements of the Trust for the
year ended 30 June 2001.

1.       Trust Manager

         The  Trust  Manager  of the  Series  2000-1G  Medallion  Trust  for the
         reporting period was Securitisation Advisory Services Pty Limited.

2.       Principal Activities

         The principal activities of the Trust for the reporting period were the
         purchase of Mortgage Loans from the Commonwealth  Bank of Australia and
         the issuance of medium-term notes (MTNs) to fund such purchase.  There
         have been no changes to the principal activities of the Trust for the
         year ended 30 June 2001.

3.       Review of Operations

         The Trust was established under a Master Trust Deed dated 8 October
         1997 and a Series Supplement dated 18 March 2000 for the  purpose of
         purchasing  Mortgage Loans from the Commonwealth Bank of Australia and
         issuing medium-term notes to fund such purchase.  The issue of Notes to
         Noteholders and beneficial interest to the Residual Unitholder occurred
         on 27 March 2000.

4.       Financial Results

         The net surplus for the Trust for the year ended 30 June 2001 was
         $6,287,450 (27 March 2000 to 30 June 2000:  $2,409,431).

5.       Distributions

         Distribution due and payable to Residual Unitholder in accordance with
         the Trust Deed as at 30 June  2001 was $6,287,450 for the reporting
         period (30 June 2000: $2,409,431).

6.       Significant Changes in State of Affairs

         There were no significant changes in the state of affairs of the Trust
         during the year ended 30 June 2001 other than those disclosed in this
         report or the financial statements.

7.       Significant Events Subsequent to Balance Date

         The  Manager  is not aware of any othe  matter or circumstance not
         otherwise dealt with in this report, or the financial statements, that
         has significantly affected, or may significantly affect, the operations
         of the Trust, the result of those  operations, or the state of affairs
         of the Trust in subsequent financial periods.


                                       3
<PAGE>


Signed for and on behalf of Securitisation
Advisory Services Pty Limited as Manager
of the Series 2000-1G Medallion Trust


 /s/  Gary Lynton Mackrell
___________________________________
Director:  Gary Lynton Mackrell

Sydney
25 October 2001




                                       4
<PAGE>


                         SERIES 2000-1G MEDALLION TRUST

                 FINANCIAL PERFORMANCE & DISTRIBUTION STATEMENT

                         For the year ended 30 June 2001
<TABLE>
<CAPTION>

                                                                          NOTE            1 July 2000      27/03/2000
                                                                                                   to              to
                                                                                         30 June 2001      30/06/2000
STATEMENT OF FINANCIAL PERFORMANCE                                                                  $               $
<S>                                                                       <C>            <C>               <C>

REVENUE AND EXPENSES FROM ORDINARY ACTIVITIES
Interest income                                                           2(a)            108,718,905      32,734,271
Fee income                                                                2(b)              2,010,690         608,769

TOTAL OPERATING REVENUE                                                                   110,729,595      33,343,040

EXPENSES
Interest expense                                                          2(c)             94,637,643      29,484,638
Other expenses                                                            2(d)              5,388,422         116,603
Manager's Fees                                                             12                 448,445         137,467
Trustee's Fees                                                             12                 230,593          49,346
Servicer's Fees                                                            12               3,737,042       1,145,555

TOTAL OPERATING EXPENSES                                                                  104,442,145      30,933,609

NET OPERATING INCOME FROM ORDINARY ACTIVITIES                                               6,287,450       2,409,431

STATEMENT OF DISTRIBUTION
Net Operating Income                                                      3(a)              6,287,450       2,409,431
Total Distributions paid and payable                                                        6,287,450       2,409,431
</TABLE>



                                       5
<PAGE>


                         SERIES 2000-1G MEDALLION TRUST

                         STATEMENT OF FINANCIAL POSITION

                               As at 30 June 2001
<TABLE>
<CAPTION>

                                                                       NOTE                   2001               2000
                                                                                                 $                  $
<S>                                                                    <C>           <C>                 <C>

ASSETS
Cash                                                                     4               1,074,983          1,385,328
Interest Receivable                                                      5               4,056,101          5,668,399
Due from other financial institution                                     6             117,415,946        142,702,433
Mortgage Loans                                                           7           1,255,651,994      1,625,795,898
TOTAL ASSETS                                                                         1,378,199,024      1,775,552,058


LIABILITIES
Due to other financial institution                                       8               4,767,609
Interest Payable                                                         9              15,799,060         29,484,638
Fees Payable                                                            10                 972,983          1,448,971
Distribution Payable to Residual Unitholder - Related Party            3(b)              8,696,426          2,409,431
Notes                                                                   11           1,347,962,846      1,742,208,918
TOTAL LIABILITIES                                                                    1,378,198,924      1,775,551,958

NET ASSETS                                                                                     100                100

TRUST CAPITAL
Trust Corpus                                                                                   100                100

TOTAL TRUST CAPITAL                                                                            100                100
</TABLE>




                                       6
<PAGE>


                         SERIES 2000-1G MEDALLION TRUST

                             STATEMENT OF CASH FLOWS

                         For the year ended 30 June 2001

<TABLE>
<CAPTION>

                                                                          NOTE            1 July 2000         27 March 2000
                                                                                                   to                    to
                                                                                         30 June 2001          30 June 2000
                                                                                                    $                     $
                                                                                        -------------       ---------------
<S>                                                                       <C>            <C>                  <C>

CASH FLOWS FROM OPERATING ACTIVITIES
Interest received                                                                         111,453,606             1,385,228
Fee income received                                                                         2,069,983                     -
Borrowing Cost - Interest paid                                                          (108,323,221)                     -
Fees paid to:
         Manager                                                                            (497,279)                     -
         Trustee                                                                            (228,049)                     -
         Servicer                                                                         (4,143,987)                     -
Other expenses paid                                                                       (2,788,304)                     -

Net cash flows (used in)/from Operating Activities                         (a)            (2,457,251)             1,385,228

CASH FLOWS FROM INVESTING ACTIVITIES
Decrease in principal receivable from other financial institution                          23,694,203                     -
Payments for purchase of Mortgage Loans                                                             -       (1,742,197,281)
Net repayments of Mortgage Loans                                                          370,551,869              (11,637)

Net cash flows from /(used in) Investing Activities                                       394,246,072       (1,742,208,918)


CASH FLOWS FROM FINANCING ACTIVITIES
Trust Capital                                                                                                           100
Proceeds of liquidity facility draw                                                         2,147,361                     -
Distribution paid to Residual Unitholder - Related Party                                        (455)                     -
Net decrease in Notes                                                                   (394,246,072)         1,742,208,918

Net cash flows (used in)/from Financing Activities                                      (392,099,166)         1,742,209,018

Net increase in cash held                                                                   (310,345)             1,385,328
Add opening cash brought forward                                                            1,385,328                     -

CLOSING CASH CARRIED FORWARD                                               (b)              1,074,983             1,385,328


                                       7
<PAGE>


STATEMENT OF CASH FLOWS (continued)

(a)   RECONCILIATION OF OPERATING INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES

                                                                                   1 July 2000          27 March 2000
                                                                                            to                     to
                                                                                  30 June 2001           30 June 2000
                                                                                             $                      $
                                                                                --------------          --------------

Net Operating Income                                                                 6,287,450              2,409,431

ADJUSTMENTS FOR NON-CASH INCOME & EXPENSE ITEMS:

Decrease\(increase) in interest receivable                                           1,612,298           (31,349,043)

(Decrease)\increase interest payable                                              (13,685,578)             29,484,638

(Decrease)\increase in fees payable                                                  (475,988)              1,448,971

Decrease in interest receivable from other financial institution                     1,122,403                      -

Increase\(decrease) in Support Facility payable                                      2,622,871                (2,623)

Decrease\(Increase) in fee income receivable                                            59,293              (606,146)

Net cash (used in)/provided by operating activities                                (2,457,251)              1,385,228


(b)  RECONCILIATION OF CASH
                                                                                  30 June 2001           30 June 2000
                                                                                             $                      $
                                                                                 -------------           -------------
Cash at Bank                                                                         1,074,983              1,385,328
Closing cash balance                                                                 1,074,983              1,385,328
</TABLE>



                                       8
<PAGE>


                         SERIES 2000-1G MEDALLION TRUST

                    NOTES TO AND FORMING PART OF THE ACCOUNTS


1.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         (a)   Basis of Preparation

         The Series 2000-1G Medallion Trust was constituted on 18 March 2000 and
         will terminate on its  Termination  Date unless  terminated  earlier in
         accordance  with the  provision of the Master Trust Deed and the Series
         Supplement.  The  Termination  Date means the earlier of the  following
         dates to occur:

         (i)      the  date which is 80 years after the date of the constitution
                  of the Series Trust;

         (ii)     the date on  which the  Series Trust  terminates  by operation
                  of statute or by application of the general principles of law;

         (iii)    the date upon which the Series Trust  terminates in accordance
                  with the Master Trust Deed or the Series Supplement.

         (b)      Historical Cost

         These  financial  statements  have been  prepared  in  accordance  with
         historical cost. Unless otherwise indicated,  all amounts are expressed
         in Australian currency.

         (c)      Basis of Accounting

         The financial  report is a general purpose  financial  report which has
         been prepared in accordance with applicable Accounting  Standards,  and
         the  requirements  of the  Trust  Deed.  Other  mandatory  professional
         reporting  requirements (Urgent Issues Group Consensus Views) have also
         been complied with.

         (d)      Statement of Cash Flows

         For the purposes of the Statement of Cash Flows,  each includes cash on
         hand and in banks, and money market investments  readily convertible to
         cash within 2 working days.

         (e)      Revenue Recognition

         Revenue  is  recognised  to the  extent  that it is  probable  that the
         economic  benefits  will  flow to the  entity  and the  revenue  can be
         reliably measured. The principal sources of revenue are interest income
         and fees and other income.

         (i)      Interest Income

         Interest income relating to the mortgage loans is brought to account on
         an accruals basis as earned or incurred.

         (ii)     Fees and Other Income

         Fees and other  income  are taken to income in the period in which they
         are due and receivable.

                                       9
<PAGE>

         (f)      Interest Expense

         Interest  expenses  relating  to  the  medium-term  notes  and  related
         borrowings  are  brought to account on an  accruals  basis as earned or
         incurred.

         (g)      Income Tax

         Under current legislation the Trust is not subject to income tax as all
         taxable income is distributed in full during the period.

         (h)      Financial Instruments

         The Accounting  policies  adopted in relation to financial  instruments
         are set out in Note 14(a).

         (i)      Comparative Analysis

         Where necessary,  comparative  figures have been adjusted to conform to
         changes in presentation in these financial statements.


2.       REVENUE AND EXPENSES

         (a) Interest Revenue
<TABLE>
<CAPTION>

                                  1 July 2000 to 30 June 2001                 27 March 2000 to 30 June 2000
                                          Average       Interest     Average         Average      Interest    Average
                                          Balance                       Rate         Balance                   e Rate
                                                $              $           %               $             $     % p.a.
                                  ------------------------------     -------  ------------------------------  --------
<S>                               <C>                <C>             <C>      <C>              <C>            <C>

Interest income on Mortgage
Loans                               1,440,723,946    103,937,399        7.21   1,683,996,589    31,349,043       7.24
Interest income on amount due
from other financial institution      130,059,190      4,781,506        5.62     153,912,238     1,385,228       6.05
                                    1,570,783,136    108,718,905        7.08   1,837,908,827    32,734,271       7.14



         (b)  Non-Interest Revenue

                                                          1/7/00                                   27/3/00
                                                      to 30/6/01                                to 30/6/00
                                                               $                                         $
Support Facility receipts                                      -                                     2,623
Fee income                                             2,010,690                                   606,146
                                                       2,010,690                                   608,769

                                       10
<PAGE>

         (c) Interest Expense

                                  1 July 2000 to 30 June 2001                 27 March 2000 to 30 June 2000
                                          Average       Interest     Average         Average      Interest    Average
                                          Balance                       Rate         Balance                   e Rate
                                                $              $           %               $             $     % p.a.
                                  ------------------------------     -------  -----------------------------   --------

Interest to Unitholders             1,545,085,882     94,311,848        6.10   1,742,208,918    29,484,638       6.43
Interest on liquidity drawdown          5,358,624        325,795        6.29               -             -          -
                                    1,550,444,506     94,637,643        6.10   1,742,208,918    29,484,638       6.43


         (d) Other Expenses

                                                          1/7/00                                   27/3/00
                                                      to 30/6/01                                to 30/6/00
                                                               $                                         $
Government duties paid/payable
on Mortgage Loans                                        289,153                                    86,631
Liquidity & Standby redraw
Facilities Commitment Fees                                67,782                                    19,200
Support Facilities Payments                            4,976,617                                         -
Other operating expenses                                  54,870                                    10,772
                                                       5,388,422                                   116,603


3.       DISTRIBUTIONS

                                                          1/7/00                                   27/3/00
                                                      to 30/6/01                                to 30/6/00
                                                               $                                         $
(a)      Distribution paid and payable to
         Residual Unitholder - Related party in
         respect of year ended 30 June                 6,287,450                                 2,409,431
(b)      Distribution payable to residual
         unitholder - Related Party                    8,696,426                                 2,409,431


4.       CASH

                                                         30/6/01                                   30/6/00
                                                               $                                         $
Cash at Bank                                           1,074,983                                 1,385,328


5.       INTEREST RECEIVABLE

Interest receivable on Mortgage Loans                  4,056,101                                 5,668,399



                                       11
<PAGE>

6.   DUE FROM OTHER FINANCIAL INSTITUTION

Support Facility receivable                                    -                                     2,623
Monthly Principal and Interest Collections due
from Servicer (Commonwealth Bank of Australia)       117,415,946                               142,699,810
                                                     117,415,946                               142,702,433
Maturity Analysis
Not longer than 3 months                             117,415,946                               142,702,433
Longer than 3 and not longer than 12 months                    -                                         -
Longer than 1 and not longer than 5 years                      -                                         -
Longer than 5 years                                            -                                         -
                                                     117,415,946                               142,702,433


7.   MORTGAGE LOANS

Mortgage Loan Balance                                1,255,651,994                             1,625,795,898
Maturity Analysis*
Not longer than 3 months                                89,588,682                                99,173,550
Longer than 3 and not longer than 12 months            242,617,223                               283,213,645
Longer than 1 and not longer than 5 years              814,289,855                               862,322,144
Longer than 5 years                                    109,156,234                               381,086,558
                                                     1,255,651,994                             1,625,795,898

*  Maturity  Analysis  based  on  prepayment  speed of 24% per  annum.  Weighted
   average life of Mortgage Loans is 2.55 years.



8.  DUE TO OTHER FINANCIAL INSTITUTION

                                                         30/6/01                                   30/6/00
                                                               $                                         $
Swap facility payable                                  2,620,248                                         -
Liquidity Facility draw - Related Party                2,147,361                                         -
                                                       4,767,609                                         -


9.   INTEREST PAYABLE

Liquidity Facility Interest Charge payable                  24,239                                         -
Interest payable on Notes                               15,774,821                                29,484,638
                                                        15,799,060                                29,484,638


10.   FEES PAYABLE

Government duties and taxes on Mortgage Loans
payable                                                     71,241                                    86,631
Trustee Fee Payable                                         51,890                                    49,346
Manager Fee Payable                                         88,633                                   137,467
Servicer Fee Payable                                       738,610                                 1,145,555
Liquidity Facility Commitment Fee Payable                   10,050                                    12,625
Redraw Facility Commitment Fee Payable                       5,479                                     6,575
Finance Charge due to Other Creditors                        1,420                                    10,772
Audit fees payable                                           5,660                                         -
                                                           972,983                                 1,448,971

                                       12
<PAGE>

11.   NOTES

Medium Term Notes outstanding                        1,347,962,486                             1,742,208,918

Maturity analysis*

Not longer than 3 months                                92,310,852                               106,274,744
Longer than 3 and not longer than 12 months            248,714,189                               303,492,794
Longer than 1 and not longer than 5 years              702,815,404                               924,067,610
Longer than 5 years                                    304,122,401                               408,373,770

Notes outstanding                                    1,347,962,846                             1,742,208,918

*    Maturity  Analysis  based on  prepayment  speed of 24% per annum.  Weighted
     average life of Mortgage Loans is 2.55 years.
</TABLE>



12.      RELATED PARTY INFORMATION

         Management Company

         The Manager of the Series  2000-1G  Medallion  Trust is  Securitisation
         Advisory Services Pty Limited (ACN 064 133 946) which is a wholly-owned
         subsidiary of Commonwealth Bank of Australia.

         Directors

         The names of the persons who were directors of Securitisation  Advisory
         Services Pty Limited during the reporting period are as follows:

         Craig Carland
         Garry Mackrell
         Geoff Steel
         Trustee

         The Trustee during the reporting  period was Perpetual  Trustee Company
         Limited (ACN 000 001 007).

         Servicer & Swap Provider

         The  Servicer in relation to the  Mortgage  Loans and Swap  Provider in
         relation to the  interest  rate swaps during the  reporting  period was
         Commonwealth Bank of Australia (ACN 123 123 124).

         Residual Unitholder

         In accordance with the Master Trust Deed and this Series Supplement,  a
         single  unit  known as the  Residual  Unit  represents  the  beneficial
         interest in the Trust. The initial Residual  Unitholder of the Trust is
         Commonwealth Bank of Australia (ACN 123 123 124).


                                       13
<PAGE>


         Related party transactions

         Transactions  with related parties are set out below (refer Note 14 for
         Terms and Conditions of these transactions):
<TABLE>
<CAPTION>

                                                                                     1/07/00                     27/3/00
                                                                                 to 30/06/01                 to 30/06/00
                                                                                           $                           $
<S>                                                                             <C>                          <C>

Amount received or receivable in respect of:

Interest on amount due from other financial institution                         4,781,506                    1,385,228

Amount paid or payable in respect of:

Liquidity & Standby Redraw Facilities Commitment Fees                              67,782                       19,200

Liquidity Facility Interest Charges                                               325,795
Support Facility payments (Swap Provider - net settlement)                      4,976,617                       (2,623)
Distribution Payable to Residual Unitholder - Related Party                     6,287,450                    2,409,431

                                                                               11,657,644                    2,426,008

Remuneration paid or payable to:
         Trustee                                                                  230,593                       49,346
         Servicer                                                               3,737,042                    1,145,555
         Manager                                                                  448,445                      137,467

                                                                                4,416,080                    1,332,368

13.      AUDITORS' REMUNERATION

Amounts received or due and receivable by the auditors of the
Series 2000-1G Medallion Trust for
           - Auditing the accounts                                                  5,660                        6,978
</TABLE>



                                       14
<PAGE>

14.      FINANCIAL INSTRUMENTS

         (a)  Policy and Conditions

         The Trust's accounting policies,  including the terms and conditions of
         each  class  of  financial  asset,   financial   liability  and  equity
         instrument,  both recognised and  unrecognised at the balance date, are
         as follows:
<TABLE>
<CAPTION>

-------------------------------- ------------------------------------------ -----------------------------------------
                                 Accounting Policy                          Terms & Conditions
-------------------------------- ------------------------------------------ -----------------------------------------
<S>                              <C>                                        <C>

(i)   Financial Assets           Interest is earned on a daily accruals     Interest on Collections are based on
                                 basis.  Balance is carried at nominal      90-day BBSW.
Interest Receivable              amount due.
(Note 5)                                                                    Amount will be received by the Trust on
                                 Amount due from other Financial            Distribution Date.
Due from other Financial         Institution is carried at nominal amount
Institution (Note 6)             due and comprises all Collections for      Interest on Mortgage Loans averaged
                                 the month by the Servicer and due to the   7.21% the reporting period from 30 June
Mortgage Loans (Note 7)          Trust, and interest amounts owed to the    2001.
                                 Trust by the Swap Provider in relation
                                 to the support facility.

                                 Mortgage Loans are carried at the lower of cost
                                 and  recoverable  amount  which is the  balance
                                 outstanding  on loans which have been purchased
                                 by the Trust from the  Commonwealth  Bank as at
                                 reporting date.
-------------------------------- ------------------------------------------ -----------------------------------------

(ii)  Financial Liabilities
                                                                            A Liquidity Facility of $48Million is
Due to Other Financial           Short-term borrowing is carried at         provided by the Commonwealth Bank.
Institution (Note 8)             principal amount.  Interest is charged     Interest is charged at margin over
                                 as an expense as it accrues.               90-day BBSW on drawn amount on a daily
                                                                            basis and is payable in arrears.  A
                                                                            Commitment fee accrues daily and is
                                                                            payable in arrears.  A Standby Redraw
                                                                            Facility of $50Million is also provided
                                                                            by the Commonwealth Bank.  Interest is
                                                                            charged at a margin over 90-day BBSW on
                                                                            drawn amount on a daily basis and is
                                                                            payable in arrears.  A Commitment fee
                                                                            accrues daily and is payable in
                                                                            arrears.  There were no drawings on the
                                                                            Redraw Facility during the period.

                                 The Trust has entered into a basis and a   Refer to Note 14(e).
                                 fixed rate swap agreement which are used
                                 to hedge against interest rate mismatch
                                 between Mortgage Loans and Notes.  These
                                 swap agreements are not recognised on
                                 the Statement of Financial Position.
                                 Net payments (or receipts) are
                                 recognised as at reporting date on an
                                 accrual basis as an adjustment to
                                 interest expense (or revenue).

                                       15

<PAGE>

Interest Payable (Note 9)        Interest on MTNs is accrued over the       Interest on MTNs is payable on each
                                 Accrual Period as defined in the           Distribution Date at a margin over
                                 Information Memorandum and carried at      90-day BBSW and calculated at the
                                 nominal amount payable.                    beginning of each Accrual Period.

Fees Payable (Note 10)           Fees Payable are accrued over the          Fees payable to the Servicer, Trustee,
                                 Accrual Period as defined in the           and Manager are in accordance with the
                                 Information Memorandum and carried at      Trust Deed and agreed to between the
                                 nominal amount payable.                    counterparties.

Distribution  Payable to        Distribution payable to Residual            Any excess cashflow will be used to
Residual Unitholder (Note 3)    Unitholder is accrued on a monthly          reimburse any prior shortfall in
                                basis Any excess cashflow after all         scheduled coupon payments and Standby
                                expenses have been paid.                    Redraw Facility first, with remaining
                                                                            excess payable to Residual Unitholder.

Medium Term Notes issued        The Notes were issued at par with an        All Mortgage Loan Principal Collections
(Note 11)                       amortising Stated Amount as Mortgage        by theServicer are distributed to
                                Loan Principal is repaid.                   Noteholders on Distribution Date.
                                                                            Interest on Notes averaged 6.10% over
                                                                            the reporting period to 30 June 2001.
-------------------------------- ------------------------------------------ -----------------------------------------

(iii) Trust Capital

Trust Corpus                     The  beneficial ownership of the Series    Not applicable.
                                 Trust is held for the Unitholder, being
                                 the  Commonwealth  Bank of Australia.
-------------------------------- ------------------------------------------ -----------------------------------------
</TABLE>

         (b)  Interest rate risk
              ------------------

         The Trust employs  interest  rate swaps to provide  hedging of interest
         rate mismatch  between  Mortgage  Loans and Notes issued as a result of
         the Seller's  variable  administered rate and the fixed rate charged on
         the Mortgage Loans. The notional  principal amount and nominal interest
         rates are reset at each  Distribution  Date.  The maturity  date of the
         Basis Swap is 12 July 2031 and 12 July 2005 for the Fixed Rate Swap.

         The Trust's exposure to interest rate risks and the effective  interest
         rates  (below  interest  rate swap) of financial  assets and  financial
         liabilities,  both recognised and unrecognised at the balance date, are
         as follows:



                                       16
<PAGE>

<TABLE>
<CAPTION>

FINANCIAL INSTRUMENTS
                                                 Repricing Period at
                                  30 June 2001                                                                            Weighted
(i) Financial Assets ($)           Floating      1 year or     Over 1 to       More      Non-interest       Total          average
                                   Interest         less        5 years        than 5       bearing                       interest
                                     Rate                                     years                                       rate (%)
                                  -----------    --------- - ------------  -----------   ------------   ---------------   --------
<S>                               <C>             <C>         <C>          <C>           <C>             <C>              <C>

Cash                               1,074,983             -              -            -               -        1,074,983       5.62
Interest Receivable                        -             -              -            -       4,056,101        4,056,101        n/a
Due from other financial         117,415,946             -              -            -               -      117,415,946       5.62
institution
Mortgage Loans                   933,771,353    58,852,951    263,027,690            -               -    1,255,651,994       7.21

Total                          1,052,262,282    58,852,951    263,027,690            -       4,056,101    1,378,199,024


(ii)  Financial Liabilities($)

Due to other financial             4,767,609             -              -            -               -        4,767,609       6.29
institution
Interest Payable                           -             -              -            -      15,799,060       15,799,060        n/a
Fees Payable                               -             -              -            -         972,983          972,983        n/a
Distribution Payable to                                  -              -            -       8,696,426        8,696,426        n/a
Residual Unitholder
Notes                          1,347,962,846             -              -            -               -    1,347,962,846       6.10

Total                          1,352,730,455             -              -            -      25,468,469    1,378,198,924

Swap Hedges                     371,110, 136   (58,852,951)  (312,257,185)           -               -                -
Net mismatch                      70,641,963             -    (49,229,495)           -     (21,412,368)             100


FINANCIAL INSTRUMENTS
                                                    Repricing Period at                          30/6/2000
                                                       30 June 2000
(i) Financial Assets ($)           Floating      1 year or    Over 1 to       More       Non-interest       Total          Weighted
                                   Interest         less       5 years        than 5        bearing        carrying         average
                                     Rate                                     years                      amount as per     interest
                                                                                                         Statement of       rate (%)
                                                                                                          Financial
                                                                                                          Position
                                -------------  ------------  ------------  -----------   ------------   ---------------   ----------

Cash                                1,385,328             -             -           -               -         1,385,328       6.05
Interest Receivable                         -             -             -           -       5,668,399         5,668,399        n/a
Due from other financial          142,702,433             -             -           -               -       142,702,433       6.05
  institution
Mortgage Loans                  1,123,421,590   102,051,431   400,322,877           -               -     1,625,795,898       7.24

Total                           1,267,509,351   102,051,431   400,322,877           -       5,668,399     1,775,552,058


(ii)  Financial Liabilities($)

Due to other financial
institution
Interest Payable                            -             -             -          -       29,484,638        29,484,638        n/a
Fees Payable                                -             -             -          -        1,448,971         1,448,971
Distribution Payable to                                   -             -          -        2,409,431         2,409,431        n/a
Residual Unitholder
Notes                           1,742,208,918             -             -          -                -     1,742,208,918       6.43

Total                           1,742,208,918             -             -          -       33,343,040     1,775,551,958

Swap Hedges                       519,241,447  (102,051,431) (417,190,016)         -                -                 -
Net mismatch                       44,541,880             -   (16,867,139)         -      (27,674,641)              100
</TABLE>



                                       17
<PAGE>


        (c)   Liquidity and cash flow risk
             ----------------------------

         A Liquidity  Facility is provided by the Commonwealth Bank of Australia
         for the purpose of funding certain income shortfalls in the Trust up to
         the limit of $48Million.  This facility terminates on the date on which
         the  Liquidity  Facility  Provider  declares  the  Facility  terminated
         following an event of default or on Distribution  Date occurring on the
         31st anniversary of the first Distribution Date.

         To the extent that Principal  Collections,  Other Principal Amounts and
         Principal  Charge-off  Reimbursements  are  insufficient  to  meet  the
         monthly  redraws  made by the  borrowers,  a  Standby  Redraw  Facility
         provided  by the  Commonwealth  Bank of  Australia  can be drawn by the
         Trustee up to the facility limit of $50Million.

         (d)  Credit risk exposure
              --------------------

         A GEMICO Mortgage  Insurance  Policy insures the Trustee against credit
         losses suffered on the Mortgage  Loans.  The Policy covers all Mortgage
         Loans  with  Loan-to-Valuation  Ratio  (LVR) less than or equal to 80%.
         Mortgage  Loans with  greater  than 80% LVR are  covered by  individual
         mortgage insurance policies, provided by either HLIC or GEMICO.

        Mortgage Loans Geographic Distribution      Loan Balance       % of
                                                         $          Loan Balance
                                                    ------------    ------------
        Australian Capital Territory                  28,252,170          2.25
        New South Wales                              433,199,938         34.50
        Queensland                                   162,858,064         12.97
        Victoria                                     375,188,816         29.88
        Western Australia                            175,037,888         13.94
        South Australia                               51,356,167          4.09
        Northern Territory                            10,798,607          0.86
        Tasmania                                      18,960,344          1.51
                                                   1,255,651,994        100.00

       (e)  Off-balance sheet financial instruments
            ---------------------------------------

         As at 30 June 2001, the following swaps were in place between the Trust
         and the Commonwealth Bank of Australia as Swap Provider:

<TABLE>
<CAPTION>
         Basis Swap
         ----------
      <S>                                                              <C>
         Floating Administered Rate Payer:                             The Series 2000-1G Medallion Trust
         Floating Administered Rate:                                   7.0129%
         Floating BBSW Rate Payer:                                     Commonwealth Bank of Australia
         Floating BBSW Rate + 1.10%p.a. margin:                        6.0533%
         Floating Rate Day count:                                      Actual/365
         Calculation Period:                                           12 April to 12 July 2001
         Payment Date:                                                 12 July 2001
         Notional Principal Amount:                                    $978,856,607

         Fixed Rate Swap
         ---------------
         Fixed Rate Payer:                                             The Series 2000-1G Medallion Trust
         Fixed Rate:                                                   6.7436%
         Floating Rate Payer:                                          Commonwealth Bank of Australia
         Floating BBSW Rate + 1.10%p.a. margin:                        6.0533%
         Fixed Rate Day count:                                         Actual/365
         Calculation Period:                                           12 April to 12 July 2001
         Payment Date:                                                 12 July 2001
         Notional Principal Amount:                                    $371,110,136


<PAGE>


         Cross Currency Swap
         -------------------
         AUD Payer:                                                    The Series 2000-1G Medallion Trust
         Notional AUD Principal Amount:                                $608,721,731
         Floating 90 day BBSW Rate + 0.37205%p.a.:                     5.32535%
         AUD Rate Day count:                                           Actual/365
         USD Payer:                                                    Commonwealth Bank of Australia
         Notional USD Principal Amount:                                $368,581,009
         Floating 90 day US LIBOR Rate + 0.23%p.a.:                    4.97000%
         AUD Rate Day count:                                           Actual/360
         AUD/USD Fixed Exchange Rate:                                  0.6055
         Calculation Period:                                           12 April 2001 to 12 July 2001
         Payment Date:                                                 12 July 2001


As at 30 June  2001,  the  following  swap was in place  between  the  Trust and
Merrill Lynch Capital Services as Swap Provider:

         Cross Currency Swap
         -------------------
         AUD Payer:                                                    The Series 2000-1G Medallion Trust
         Notional AUD Principal Amount:                                $608,721,731
         Floating 90 day BBSW Rate + 0.39177%p.a.:                     5.34507%
         AUD Rate Day count:                                           Actual/365
         USD Payer:                                                    Merrill Lynch Capital Services
         Notional USD Principal Amount:                                $368,581,009
         Floating 90 day US LIBOR Rate + 0.23%p.a.:                    4.97%
         AUD Rate Day count:                                           Actual/360
         AUD/USD Fixed Exchange Rate:                                  0.6055
         Calculation Period:                                           12 April 2001 to 12 July 2001
         Payment Date:                                                 12 July 2001

</TABLE>

         (f)  Net Fair Values
              ---------------

         The  aggregate  net fair  values  of  financial  assets  and  financial
         liabilities,  both recognised and unrecognised, at the balance date are
         as follows:


<PAGE>

<TABLE>
<CAPTION>

FINANCIAL INSTRUMENTS
                                                   30/6/2001                               30/6/2000
                                      ------------------------------------  ------------------------------------------
                                      --------------  --------------------  -------------------- ---------------------
                                              Total    Aggregate Net Fair       Total carrying    Aggregate Net Fair
                                           carrying                 Value        amount as per                 Value
                                          amount as                               Statement of
                                                per                         Financial Position
                                       Statement of
                                          Financial
                                           Position
------------------------------------- --------------  --------------------  -------------------- ---------------------
<S>                                   <C>             <C>                   <C>                  <C>

(i)   Financial Assets ($)

Cash                                      1,074,983          1,074,983               1,385,328             1,385,328
Interest Receivable                       4,056,101          4,056,101               5,668,399             5,668,399
Due from Other Financial Institution    117,415,946        117,415,946             142,702,433           142,702,433
Mortgage Loans                        1,255,651,994      1,257,680,299           1,625,795,898         1,616,388,844

Total                                 1,378,199,024      1,380,227,230           1,755,552,058         1,766,145,004



(ii)  Financial Liabilities ($)

Due to Other Financial Institution        4,767,609          4,767,609                       -                     -
Interest Payable                         15,799,060         15,799,060              29,484,638            29,484,638
Fees Payable                                972,983            972,983               1,448,971             1,448,971
Distribution Payable to Residual
Unitholder                                8,696,426          8,696,426               2,409,431             2,409,431
Notes                                 1,347,962,846      1,349,901,896           1,742,208,918         1,763,906,655

Total                                 1,378,198,924      1,380,137,974           1,775,551,958         1,797,249,695



(iii) Off-Balance sheet ($)

Swaps - Fixed Rate Swap                           -         (2,028,306)                      -             7,678,383
      - Cross Currency Swap                       -        236,448,000                       -            11,327,826
------------------------------------- -------------- --------------------- -------------------- ---------------------
Total                                             -        243,419,694                       -            19,006,209
------------------------------------- -------------- --------------------- -------------------- ---------------------
</TABLE>


The  fair  value  for  cash  and  other  short  term  receivables  and  payables
approximate their carrying amount.

For variable rate Mortgage Loans,  the carrying amount is a reasonable  estimate
of net fair  value.  The net fair value for fixed rate loans was  calculated  by
utilising  discounted  cash flow  models  (i.e.,  the net  present  value of the
portfolio future principal and interest cash flow), based on the maturity of the
loans.  The  discount  rates  applied were based on the current  benchmark  rate
offered for the average remaining term of the portfolio (as per the Commonwealth
Bank).  The mortgage loan portfolio is carried at less than aggregate fair value
due to decrease in current  benchmark  rates for fixed rate loans. No write-down
is required as loans are intended to be held until maturity.

There is no fair value  adjustment  for the Basis  Swap as it can be  terminated
without penalty at the next roll-over period by the swap provider.  The net fair
value of the Fixed Rate Swap has been estimated on the basis of the agreed rates
against  the  yield  curve  (for  swaps)  for  its  remaining  term  (as per the
Commonwealth Bank) as at 30 June 2001.

The fair value of currency swaps is based on the mark to market methodology used
by the swap  provider  taking into account  expected cash flows and movements in
foreign exchange rates.

There is no readily available market price in respect of the Notes issued by the
Trust. Net fair value for these Notes has been estimated on the basis of trading
margins on them as at the balance date,  and  calculated on amortised  principal
balances.


<PAGE>

15.      CONTINGENT LIABILITIES

         No contingent liabilities were identified by the Trust at balance date.


16.      REPORTING BY SEGMENTS

         The Trust operates  predominantly  in the Loan  Securitisation  area in
         Australia,  and all mortgages are domiciled in Australia. The Trust has
         issued  three  tranches  of  medium  term  notes,  two  denominated  in
         Australian  dollars for  Australian  investors and the largest  tranche
         denominated  in US  dollars  to  investors  in Europe and the US. As at
         30/6/01,  of the total Bonds  outstanding of AUD  1,347,962,846  the US
         dollar  bonds  outstanding  totaled  USD  737,162,018  (AUD  equivalent
         $1,217,443,462).



<PAGE>


SERIES 2000-1G MEDALLION TRUST


MANAGER'S STATEMENT

In the opinion of the Manager:

(a)   the  financial  statements  set out on pages 3 to 17 are drawn up so as to
      give a true and fair view of the results  from  operations  and cash flows
      for the year ended 30 June 2001,  and the state of affairs of the Trust at
      30 June 2001;

(b)   the financial  statements have been made out in accordance with applicable
      Accounting Standards, other mandatory reporting requirements and the Trust
      Deed dated 8 October 1997;

(c)   The  Trust  has  operated  during  the  period  1 July to 30 June  2001 in
      accordance with the provisions of the Trust Deed.

Signed for and on behalf of  Securitisation  Advisory  Services  Pty  Limited as
Manager of the Series 2000-1G Medallion Trust.



 /s/  Gary Lynton Mackrell
____________________________________
Director


25 October 2001



<PAGE>


SERIES 2000-1G MEDALLION TRUST

TRUSTEE'S REPORT

The financial  statements  for the year ended 30 June 2001 have been prepared by
the Trust Manager,  Securitisation  Advisory Services Pty Limited as required by
the Trust Deed.

The  Auditor  of the  Trust,  Ernst &  Young,  who has been  appointed  by us in
accordance with the Master Trust Deed, has conducted an audit of these financial
statements.

A review of operations of the Trust and the results of those  operations for the
reporting period is contained in the Manager's Report.

Based on our ongoing program of monitoring the Trust,  the Trust Manager and our
review of the financial statements, we believe that:

(i)   the Trust has been conducted in accordance with the Trust Deed;

(ii)  the financial  statements have been  appropriately  prepared and contained
      all relevant and required disclosures.

We are not aware of any material  matter or  significant  change in the state of
affairs  of the Trust  occurring  up to the date of this  report  that  requires
disclosure  in the  financial  statements  and the  notes  thereto  that has not
already been disclosed.



Signed for and on behalf of
Perpetual Trustee Company Limited



 /s/
_________________________________


Sydney
25 October 2001