<PAGE>

                                                                    EXHIBIT 10.1

                                                             Draft: 9 March 2000

                        Series 2000-1G Medallion Trust

                       Standby Redraw Facility Agreement





                                     Date:




                        Commonwealth Bank of Australia

                       Standby Redraw Facility Provider



                       Perpetual Trustee Company Limited

                                    Trustee


                 Securitisation Advisory Services Pty. Limited

                                    Manager


                                  CLAYTON UTZ
                                    Lawyers
                                 Levels 27-35
                             No.1 O'Connell Street
                               SYDNEY  NSW  2000
                                   AUSTRALIA



                           (C) Copyright Clayton Utz

Liability is limited by the Solicitors Scheme under the Professional Standards
                                 Act 1994 NSW
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
Clause                                                                                               Page
<S>                                                                                                  <C>
1.      INTERPRETATION                                                                                  1

1.1     Definitions                                                                                     1
1.2     Series Supplement and Master Trust Deed Definitions                                             4
1.3     Interpretation                                                                                  4
1.4     Trustee Capacity                                                                                5
1.5     Master Trust Deed and Series Supplement                                                         6
1.6     Incorporated Definitions and other Transaction Documents and provisions                         6

2.      THE FACILITY                                                                                    6

2.1     Amount                                                                                          6
2.2     Purpose                                                                                         6
2.3     Extension of Scheduled Termination Date                                                         6
2.4     Termination of the Facility                                                                     6

3.      CONDITIONS PRECEDENT                                                                            6

3.1     Conditions Precedent to First Advance                                                           6
3.2     Conditions Precedent to all Advances                                                            7

4.      DRAWDOWN                                                                                        7

4.1     Preparation of Drawdown Notices                                                                 7
4.2     Service of Drawdown Notices                                                                     7
4.3     Requirements of Drawdown Notices                                                                8
4.4     Availability of Facility                                                                        8
4.5     Making of Advances                                                                              8
4.6     Book Entry Set-off of Advances against Seller Advances                                          8

5.      INTEREST                                                                                        8

5.1     Interest Period                                                                                 8
5.2     Calculation of Interest                                                                         9
5.3     Payment of Interest                                                                             9
5.4     Interest on Unpaid Interest                                                                     9
5.5     Interest on Overdue Sums                                                                        9

6.      REPAYMENT OF STANDBY REDRAW FACILITY PRINCIPAL                                                  9

6.1     Repayment of Standby Redraw Facility Principal during the Availability
        Period                                                                                          9
6.2     Re-Drawing                                                                                      9
6.3     Repayment on Termination                                                                        9
6.4     Payments Under Security Trust Deed                                                             10
6.5     Principal Charge-offs                                                                          10
6.6     Principal Charge-off Reimbursement                                                             10

7.      PAYMENTS                                                                                       10

7.1     Time on Due Date and Free of Set-off & Taxes                                                   10
7.2     Certificate                                                                                    10

8.      ILLEGALITY AND INCREASED COST                                                                  10

8.1     Illegality                                                                                     10
8.2     Increased Cost                                                                                 11

9.      FEES                                                                                           11

10.     REPRESENTATIONS AND WARRANTIES                                                                 12

10.1    General Representations and Warranties                                                         12
10.2    Corporate Representations and Warranties                                                       12
10.3    Series Trust Representations and Warranties                                                    12
</TABLE>
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
Clause                                                                                         Page
<S>                                                                                            <C>
10.4     Representations and Warranties Repeated                                                 13

11.      UNDERTAKINGS                                                                            13

11.1     General                                                                                 13
11.2     Manager's Undertakings after Manager Event                                              13

12.      EVENTS OF DEFAULT                                                                       14

12.1     Events of Default                                                                       14
12.2     Consequences of Event of Default                                                        14

13.      TRUSTEE PROVISIONS                                                                      14

13.1     Limitation on Trustee's Liability                                                       14
13.2     Claims against Trustee                                                                  15
13.3     Breach of Trust                                                                         15
13.4     Acts or omissions                                                                       15
13.5     No obligation                                                                           15

14.      ASSIGNMENT                                                                              15

14.1     Assignment by Trustee                                                                   15
14.2     Assignment by Standby Redraw Facility Provider                                          16

15.      NOTICES                                                                                 16

15.1     Method of Delivery                                                                      16
15.2     Deemed Receipt                                                                          16

16.      INDEMNITY                                                                               16

16.1     Indemnity on Demand                                                                     16
16.2     Losses on Liquidation or Re-employment of Deposits                                      17
16.3     Payment on Distribution Date                                                            17

17.      MISCELLANEOUS                                                                           17

17.1     Stamp Duties                                                                            17
17.2     Waiver                                                                                  17
17.3     Written Waiver, Consent and Approval                                                    18
17.4     Severability                                                                            18
17.5     Survival of Indemnities                                                                 18
17.6     Successors and Assigns                                                                  18
17.7     Moratorium Legislation                                                                  18
17.8     Amendments                                                                              18
17.9     Governing Law                                                                           18
17.10    Jurisdiction                                                                            18
17.11    Counterparts                                                                            19

SCHEDULE - DRAWDOWN NOTICE                                                                       20
</TABLE>
<PAGE>

THIS STANDBY REDRAW FACILITY AGREEMENT is made in Sydney on 2000

BETWEEN        COMMONWEALTH BANK OF AUSTRALIA, ACN 123 123 124, a company
               incorporated in the Australian Capital Territory and having an
               office at Level 8, 48 Martin Place, Sydney, Australia (the
               "Standby Redraw Facility Provider")

AND            PERPETUAL TRUSTEE COMPANY LIMITED, ACN 000 001 007, a company
               incorporated in the State of New South Wales and having an office
               at Level 3, 39 Hunter Street, Sydney, Australia, in its capacity
               as trustee of the Series Trust (the "Trustee")

AND            SECURITISATION ADVISORY SERVICES PTY. LIMITED, ACN 064 133 946, a
               company incorporated in the State of New South Wales and having
               an office at Level 8, 48 Martin Place, Sydney, Australia ("SAS"
               and also hereinafter included within the expression the
               "Manager")

RECITALS:

A.   The Trustee and the Manager are respectively the trustee and the manager
     of the Series Trust.

B.   The Manager has requested the Standby Redraw Facility Provider to provide
     the Trustee with the Facility in connection with the Approved Purpose.

C.   The Standby Redraw Facility Provider has agreed to provide the Facility
     to the Trustee on the terms and conditions contained in this Agreement.

THE PARTIES AGREE:

1.   INTERPRETATION

1.1  Definitions

     In this Agreement, unless the contrary intention appears:

     "Advance" means the principal amount of each advance to the Trustee by
     the Standby Redraw Facility Provider in accordance with this Agreement.

     "Approved Purpose" means the use of an Advance to meet a Redraw Shortfall
     in accordance with the Series Supplement.

     "Authorised Officer" in relation to the Standby Redraw Facility Provider
     means any person from time to time appointed by the Standby Redraw
     Facility Provider to act as its Authorised Officer for the purposes of
     this Agreement and notified to the Trustee.

     "Availability Period" means the period commencing on the date of this
     Agreement and ending on the Termination Date.

     "BBSW" in relation to an Interest Period means the rate appearing at
     approximately 10.00 am on the first day of that Interest Period on the
     Reuters Screen page "BBSW" as being the average of the mean buying and
     selling rates appearing on that page for a bill of exchange having a tenor
     of three months. If on the first day of a Interest Period fewer than four
     banks are quoted on the Reuters Screen page "BBSW" or for any other reason
     "BBSW" for an Interest Period cannot be determined in accordance with the
     foregoing provisions, then "BBSW" for that Interest Period means such rate
     as is specified by the Standby Redraw Facility Provider having regard to
     comparable indices then available.

     "Drawdown Date" means, in relation to an Advance or proposed Advance, the
     Distribution Date immediately following the delivery of the corresponding
     Drawdown Notice to the Standby Redraw Facility Provider in accordance
     with this Agreement.

                                                                              1.
<PAGE>

     "Drawdown Margin" means 0.15% per annum.

     "Drawdown Notice" means a notice given under clause 4.

     "Drawing" means, subject to clause 4.6, an Advance by way of deposit by
     the Standby Redraw Facility Provider in the Collections Account in
     accordance with clause 4.5.

     "Effective Control" means:

     (a)  control of the composition of the board of directors of SAS;

     (b)  control of more than half of the voting power of SAS; or

     (c)  control of more than half of the issued share capital of SAS excluding
          any part of such issued share capital which carries no right to
          participate beyond a specified amount in the distribution of either
          profit or capital.

     "Event of Default" means any of the events set out or referred to in
     clause 12.1 as an Event of Default.

     "Facility" means the standby redraw facility granted to the Trustee by
     the Standby Redraw Facility Provider on the terms and conditions of this
     Agreement.

     "Facility Limit" means at any given time the lesser of:

     (a)  A$50 million; and

     (b)  the Performing Mortgage Loans Amount at that time;

     or such greater or lesser amount from time to time agreed in writing by
     the Standby Redraw Facility Provider, the Manager and the Rating Agencies
     and notified to the Trustee in writing.

     "Interest Period" means each period determined in accordance with clause
     5.1.

     "Manager" means SAS or if SAS retires or is removed as manager of the
     Series Trust, any then Substitute Manager, and includes the Trustee when
     acting as the manager of the Series Trust in accordance with the
     provisions of the Master Trust Deed.

     "Manager Event" means:

     (a)  SAS ceases to be a body over which the Standby Redraw Facility
          Provider has Effective Control; or

     (b)  SAS ceases to be the manager of the Series Trust.

     "Master Trust Deed" means the Master Trust Deed dated 8 October 1997
     between the Trustee and SAS, as amended from time to time.

     "Obligations" means all of the liabilities of the Trustee to the Standby
     Redraw Facility Provider under this Agreement and, without limiting the
     generality of the foregoing, includes any liabilities which:

     (a)  are liquidated;

     (b)  are present, prospective or contingent;

     (c)  relate to the payment of money or the performance or omission of any
          act;

     (d)  sound in damages only; or

     (e)  accrue as a result of any Event of Default.

                                                                              2.
<PAGE>

     "Performing Mortgage Loans Amount" means at any time the aggregate of the
     following:

     (a)  the amount outstanding under Mortgage Loans forming part of the Assets
          of the Series Trust in relation to which no payment due from the
          relevant Borrower has been in arrears by more than 90 days; and

     (b)  the amount outstanding under Mortgage Loans forming part of the Assets
          of the Series Trust in relation to which a payment due from the
          relevant Borrower has been in arrears by more than 90 days and which
          are insured under a Mortgage Insurance Policy.

     "Prescribed Rate" in relation to an Interest Period means the sum of:

     (a)  BBSW for that Interest Period; and

     (b)  the Drawdown Margin,

     or such rate as is otherwise agreed by the Trustee, the Manager and the
     Standby Redraw Facility Provider provided that each Rating Agency is given
     not less than 3 Business Days prior notice by the Manager of any variation
     to the Prescribed Rate and the Prescribed Rate will not be varied if such
     variation would result in a reduction in any then current credit rating of
     a Security.

     "Receiver" means a person appointed under or by virtue of the Security
     Trust Deed as a receiver or receiver and manager.

     "Redraw Amount" in relation to a Determination Date means the lesser of:

     (a)  the then un-utilised portion of the Facility Limit; and

     (b)  the Redraw Shortfall on that Determination Date.

     "Redraw Shortfall" in relation to a Determination Date means the amount (if
     any) by which the Principal Collections, Principal Charge-off
     Reimbursements and Other Principal Amounts for the Collection Period just
     ended are insufficient to meet in full the repayment of Seller Advances
     made during or prior to that Collection Period which have not previously
     been repaid.

     "Scheduled Termination Date" means the date which is 364 days after the
     date of this Agreement or such later date specified by the Standby Redraw
     Facility Provider pursuant to clause 2.3.

     "Series Supplement" means the Series Supplement dated on or about the
     date of this Agreement between the Standby Redraw Facility Provider (as
     Seller and Servicer), SAS and the Trustee.

     "Series Trust" means the trust known as the Series 2000-1G Medallion
     Trust established pursuant to the Master Trust Deed and the Series
     Supplement.

     "Specified Rate" means, on any day, the sum of:

     (a)  BBSW for the Interest Period that includes that day (or if the day is
          not within an Interest Period, BBSW for the first Business Day of the
          month that includes that day as if that month were an Interest
          Period);

     (b)  the Drawdown Margin; and

     (c)  0.10% per annum.

     "Standby Redraw Facility Principal" means at any given time, the
     aggregate of all the then Advances less:

     (a)  any then repayments of Standby Redraw Facility Principal pursuant
          to this

                                                                              3.
<PAGE>

          Agreement; and

     (b)  any amounts previously allocated pursuant to clause 9.1 of the Series
          Supplement to reduce the then Standby Redraw Facility Principal and
          not then reinstated pursuant to clause 9.2 of the Series Supplement.

     "Termination Date" means the earlier of:

     (a)  the Scheduled Termination Date; and

     (b)  the date on which the Standby Redraw Facility Provider declares or
          appoints the Facility terminated in accordance with this Agreement.

1.2  Series Supplement and Master Trust Deed Definitions

     Subject to clause 1.6, unless defined in this Agreement, words and phrases
     defined in either or both of the Master Trust Deed and the Series
     Supplement have the same meaning in this Agreement. Where there is any
     inconsistency in a definition between this Agreement (on the one hand) and
     the Master Trust Deed or the Series Supplement (on the other hand), this
     Agreement prevails. Where there is any inconsistency in a definition
     between the Master Trust Deed and the Series Supplement, the Series
     Supplement prevails over the Master Trust Deed in respect of this
     Agreement. Subject to clause 1.6, where words or phrases used but not
     defined in this Agreement are defined in the Master Trust Deed in relation
     to a Series Trust (as defined in the Master Trust Deed) and/or an Other
     Trust such words or phrases are to be construed in this Agreement, where
     necessary, as being used only in relation to the Series Trust (as defined
     in this Agreement) and/or the CBA Trust, as the context requires.

1.3  Interpretation

     In this Agreement, unless the contrary intention appears:

     (a)  headings are for convenience only and do not affect the interpretation
          of this Agreement;

     (b)  a reference to this "Agreement" includes the Recitals and the
          Schedule;

     (c)  the expression "person" includes an individual, the estate of an
          individual, a body politic, a corporation and a statutory or other
          authority or association (incorporated or unincorporated);

     (d)  a reference to a person includes that person's executors,
          administrators, successors, substitutes and assigns, including any
          person taking by way of novation;

     (e)  subject to clause 1.6, a reference to any document or agreement is to
          such document or agreement as amended, novated, supplemented, varied
          or replaced from time to time;

     (f)  a reference to any legislation or to any section or provision of any
          legislation includes any statutory modification or re-enactment or any
          statutory provision substituted for that legislation and all
          ordinances, by-laws, regulations and other statutory instruments
          issued under that legislation, section or provision;

     (g)  words importing the singular include the plural (and vice versa) and
          words denoting a given gender include all other genders;

     (h)  a reference to a clause is a reference to a clause of this Agreement;

     (i)  the expression "certified" means, in respect of a person, certified in
          writing by two Authorised Officers of that person and "certify" and
          like expressions will be construed accordingly;

                                                                              4.
<PAGE>

     (j)  a reference to "wilful default" in relation to the Trustee or the
          Manager, means, subject to clause 1.3(k), any wilful failure by the
          Trustee to comply with, or wilful breach by the Trustee or the Manager
          (as the case may be) of, any of its obligations under any Transaction
          Document, other than a failure or breach which:

           (i)  A.   arises as a result of a breach of a Transaction Document
                     by a person other than:

                     (1)     the Trustee or the Manager (as the case may be);

                             or

                     (2)     any other person referred to in clause 1.3(k);

                             and

                B.   the performance of the action (the non-performance of which
                     gave rise to such breach) is a pre-condition to the Trustee
                     or the Manager (as the case may be) performing the said
                     obligation; or

          (ii)  is in accordance with a lawful court order or direction or is
                required by law; or

          (iii) is in accordance with a proper instruction or direction of
                Investors given at a meeting convened under any Transaction
                Document;

     (k)  a reference to the "fraud", "negligence" or "wilful default" of the
          Trustee means the fraud, negligence or wilful default of the Trustee
          and of its officers, employees, agents and any other person where the
          Trustee is liable for the acts or omissions of such other person under
          the terms of any Transaction Document.

     (l)  where any word or phrase is given a defined meaning, any other part of
          speech or other grammatical form in respect of such word or phrase has
          a corresponding meaning;

     (m)  where any day on which a payment is due to be made or a thing is due
          to be done under this Agreement is not a Business Day, that payment
          must be made or that thing must be done on the immediately succeeding
          Business Day;

     (n)  a reference to the "close of business" on any day is a reference to
          5.00 pm on that day;

     (o)  a reference to time is to local time in Sydney; and

     (p)  subject to clause 15.2, each party will only be considered to have
          knowledge or awareness of, or notice of, a thing or grounds to believe
          anything by virtue of the officers of that party (or any Related Body
          Corporate of that party) having day to day responsibility for the
          administration or management of that party's (or a Related Body
          Corporate of that party's) obligations in relation to the Series Trust
          having actual knowledge, actual awareness or actual notice of that
          thing, or grounds or reason to believe that thing (and similar
          references will be interpreted in this way). In addition, notice,
          knowledge or awareness of an Event of Default, Manager Default,
          Trustee Default, Servicer Default or Perfection of Title Event means
          notice, knowledge or awareness of the occurrence of the events or
          circumstances constituting an Event of Default, Manager Default,
          Trustee Default, Servicer Default or Perfection of Title Event (as the
          case may be).

1.4  Trustee Capacity

     In this Agreement, except where provided to the contrary:

     (a)  (References to Trustee):  a reference to the Trustee is a
          reference to the Trustee in its capacity as trustee of the Series
          Trust only, and in no other capacity; and

                                                                              5.
<PAGE>

     (b)  (References to assets of the Trustee): a reference to the undertaking,
          assets, business or money of the Trustee is a reference to the
          undertaking, assets, business or money of the Trustee in the capacity
          referred to in paragraph (a).

1.5  Master Trust Deed and Series Supplement

     For the purposes of the Master Trust Deed and the Series Supplement:

     (a)  (Transaction Document): this Agreement is a Transaction Document; and

     (b)  (Support Facility): the Facility made available pursuant to the terms
          of this Agreement is a Support Facility.

1.6  Incorporated Definitions and other Transaction Documents and provisions

     Where in this Agreement a word or expression is defined by reference to its
     meaning in another Transaction Document or there is a reference to another
     Transaction Document or to a provision of another Transaction Document, any
     amendment to the meaning of that word or expression or to that other
     Transaction Document or provision (as the case may be) will be of no effect
     for the purposes of this Agreement unless and until the amendment is
     consented to by the parties to this Agreement.

2.   THE FACILITY

2.1  Amount

     Subject to this Agreement, the Standby Redraw Facility Provider agrees to
     make Advances to the Trustee up to an aggregate principal amount equal to
     the Facility Limit.

2.2  Purpose

     The Manager will direct the Trustee to use, and the Trustee will use, the
     proceeds of each Advance under the Facility exclusively for the Approved
     Purpose.

2.3  Extension of Scheduled Termination Date

     (a)  (Manager to request extension): Not less than 60 days before the then
          Scheduled Termination Date, the Manager may deliver a notice in
          writing to the Standby Redraw Facility Provider (with a copy to the
          Trustee) requesting the Standby Redraw Facility Provider to extend the
          Scheduled Termination Date.

     (b)  (Standby Redraw Facility Provider may extend): Following receipt by
          the Standby Redraw Facility Provider of the notice referred to in
          paragraph (a), the Standby Redraw Facility Provider may, in its
          absolute discretion, send the Trustee a notice in writing (copied to
          the Manager) extending the then Scheduled Termination Date to the new
          Scheduled Termination Date specified in the notice (which must not be
          more than 364 days after the date of the notice).

2.4  Termination of the Facility

     The Facility will terminate on the Termination Date.

3.   CONDITIONS PRECEDENT

3.1  Conditions Precedent to First Advance

     The Standby Redraw Facility Provider is not obliged to make the first
     Advance to the Trustee unless the Standby Redraw Facility Provider has
     received each of the following, in form and substance acceptable to the
     Standby Redraw Facility Provider:

     (a)  (This Agreement): this Agreement duly executed and delivered by the
          Trustee and the Manager;

                                                                              6.
<PAGE>

     (b)  (Power of attorney): a copy of each power of attorney under which this
          Agreement has been or will be executed by the Trustee and the Manager,
          certified as a true copy by the Trustee and the Manager respectively;

     (c)  (Authorised Officers): a certificate setting out in full the name and
          specimen signature of each Authorised Officer of the Manager;

     (d)  (Security Trust Deed): a copy of the Security Trust Deed executed by
          the parties thereto and certified as a true copy by the Manager;

     (e)  (GEMICO Mortgage Insurance Policy): an executed original counterpart
          of the GEMICO Mortgage Insurance Policy together with a letter from
          GEMICO confirming that it has accepted for insurance under the GEMICO
          Mortgage Insurance Policy the Mortgage Loans referred to in the
          certificate attached to the letter; and

     (f)  (Legal opinion): a legal opinion addressed to the Standby Redraw
          Facility Provider from the Trustee's solicitors in form and substance
          satisfactory to the Standby Redraw Facility Provider.

3.2  Conditions Precedent to all Advances

     The obligation of the Standby Redraw Facility Provider to make each
     Advance is subject to the further conditions precedent that:

     (a)  (Representations and warranties true): the representations and
          warranties made or deemed to be made by the Trustee in any Transaction
          Document are true and correct as of the date of the corresponding
          Drawdown Notice and the relevant Drawdown Date as though made at that
          date;

     (b)  (No Event of Default): no Event of Default is subsisting at the date
          of the relevant Drawdown Notice and the relevant Drawdown Date or will
          result from the provision or continuation of the Advance; and

     (c)  (No notice of Security Interests): other than in respect of priorities
          granted by statute, the Standby Redraw Facility Provider has not
          received notice from any person that it claims to have a Security
          Interest ranking in priority to or equal with the Security Interest
          held by the Standby Redraw Facility Provider under the Security Trust
          Deed.

4.   DRAWDOWN

4.1  Preparation of Drawdown Notices

     If on a Determination Date the Manager determines in accordance with the
     Series Supplement that a Redraw Shortfall has occurred in respect of the
     Collection Period just ended the Manager must:

     (a)  (Prepare Drawdown Notice): prepare a Drawdown Notice in accordance
          with clause 4.3 requesting an Advance on the next Distribution Date;
          and

     (b)  (Deliver Drawdown Notice): deliver the Drawdown Notice to the Trustee
          no later than the close of business on the Business Day which is not
          less than 3 Business Days before the proposed Drawdown Date.

4.2  Service of Drawdown Notices

     If the Trustee receives a Drawdown Notice from the Manager pursuant to
     clause 4.1, it must:

     (a)  (Sign Drawdown Notice): sign the Drawdown Notice in accordance with
          clause 4.3(b); and

                                                                              7.
<PAGE>

     (b)  (Deliver Drawdown Notice): deliver the signed Drawdown Notice to the
          Standby Redraw Facility Provider by the time specified in clause
          4.4(a).

4.3  Requirements of Drawdown Notices

     A Drawdown Notice must:

     (a)  (Form): be in the form of the Schedule (or in such other form as from
          time to time agreed amongst the Standby Redraw Facility Provider, the
          Manager and the Trustee);

     (b)  (Authorised Officer): be signed by an Authorised Officer of the
          Trustee;

     (c)  (Specify Drawdown Date): specify the proposed Drawdown Date for the
          requested Advance which must be the next Distribution Date;

     (d)  (Irrevocable): be irrevocable;

     (e)  (Redraw Amount): specify the Redraw Amount; and

     (f)  (Calculation): provide details of the calculation of the Redraw
          Amount.

4.4  Availability of Facility

     The Trustee may make a Drawing on any Distribution Date during the
     Availability Period provided that:

     (a)  (Receipt of Drawdown Notice): the Standby Redraw Facility Provider has
          received not later than 11.00 am on the Business Day which is not less
          than 2 Business Days before the proposed Drawdown Date (or such later
          time as the Standby Redraw Facility Provider may agree), a duly
          completed Drawdown Notice; and

     (b)  (Conditions precedent): the requirements of clause 3 have been
          satisfied or waived in writing by the Standby Redraw Facility Provider
          before the Drawdown Notice is given.

4.5  Making of Advances

     After receipt of a Drawdown Notice the amount of the Advance requested in a
     Drawdown Notice will, subject to clause 4.6 but otherwise without set-off
     or deduction on any other account, be deposited by the Standby Redraw
     Facility Provider in the Collections Account in immediately available funds
     no later than 10.00 am on the Drawdown Date.

4.6  Book Entry Set-off of Advances against Seller Advances

     The Standby Redraw Facility Provider may make an Advance on a Drawdown Date
     by way of a book entry in its records provided that it also makes a book
     entry in its records reducing the amount of the outstanding Seller Advances
     to be repaid by such Advance on that Drawdown Date by the amount of such
     Advance.

5.   INTEREST

5.1  Interest Period

     (a)  (Duration): The duration of the Facility is divided into successive
          Interest Periods.

     (b)  (First Interest Period): The first Interest Period commences on (and
          includes) the first Drawdown Date and ends on (but excludes) the next
          following Distribution Date.

                                                                              8.
<PAGE>

     (c)  (Succeeding Interest Periods): Each succeeding Interest Period
          commences on (and includes) a Distribution Date and ends on (but
          excludes) the next following Distribution Date.

     (d)  (Last Interest Period): The last Interest Period ends on (but
          excludes) the first Distribution Date that:

          (i)  follows the Termination Date; and
          (ii) upon which all moneys the payment or repayment of which form part
               of the Obligations are paid or repaid in full to the Standby
               Redraw Facility Provider.

5.2  Calculation of Interest

     Interest on the Standby Redraw Facility Principal accrues from day to day
     in respect of each Interest Period at the Prescribed Rate for that Interest
     Period on the amount of the Standby Redraw Facility Principal on that day
     and based on a 365 day year.

5.3  Payment of Interest

     The Trustee at the direction of the Manager will on each Distribution Date
     pay to the Standby Redraw Facility Provider so much of the then accrued
     interest on the Standby Redraw Facility Principal as is available for this
     purpose in accordance with the Series Supplement.

5.4  Interest on Unpaid Interest

     If any payment by the Trustee on a Distribution Date pursuant to clause 5.3
     is insufficient to pay the full amount of the then accrued interest on the
     Standby Redraw Facility Principal, such unpaid accrued interest will in
     turn accrue interest (as a separate and independent obligation) until paid
     at the Prescribed Rate for each succeeding Interest Period and if not paid
     on the Distribution Date at the end of each such succeeding Interest
     Period, will itself bear interest in accordance with this clause.

5.5  Interest on Overdue Sums

     If the Trustee fails to pay any amount due and payable by it under or in
     respect of this Agreement at the time and in the manner required under this
     Agreement and the Series Supplement that amount will bear interest in
     accordance with this clause. Such interest is payable on demand and will
     accrue on such amount from day to day at the Specified Rate for that day
     from the date such amount is due for payment up to the date of actual
     payment, before and (as a separate and independent obligation) after
     judgment and if not paid at the end of a 30 day period will itself bear
     interest in accordance with this clause.

6.   REPAYMENT OF STANDBY REDRAW FACILITY PRINCIPAL

6.1  Repayment of Standby Redraw Facility Principal during the Availability
     Period

     The Trustee will on each Distribution Date repay so much of the Standby
     Redraw Facility Principal on the previous Determination Date as is
     available for this purpose in accordance with the Series Supplement.

6.2  Re-Drawing

     Amounts repaid pursuant to clause 6.1 may be redrawn by the Trustee in
     accordance with the terms of this Agreement.

6.3  Repayment on Termination

     Notwithstanding clause 6.1, on the Distribution Date immediately following
     the Termination Date, the Trustee will pay or repay so much of the
     aggregate of all Standby Redraw Facility Principal together with interest
     accrued thereon and all other money, the payment or repayment of which
     forms part of the Obligations, as is available for this

                                                                              9.
<PAGE>

     purpose in accordance with the Series Supplement. If all amounts due in
     accordance with this clause 6.3 are not paid or repaid in full on the
     Distribution Date immediately following the Termination Date, on each
     succeeding Distribution Date the Trustee will pay or repay so much of such
     amounts as is available for this purpose in accordance with the Series
     Supplement until such amounts are paid or repaid in full.

6.4  Payments Under Security Trust Deed

     Without prejudice to clause 13, the limitation of the Trustee's liability
     to make payments in clauses 6.3, 8.2, 9 and 16.3 will not apply for the
     purposes of calculating any amounts payable out of the Assets of the Series
     Trust to the Standby Redraw Facility Provider pursuant to the Security
     Trust Deed.

6.5  Principal Charge-offs

     A Principal Charge-off in relation to the Standby Redraw Facility Principal
     pursuant to clause 9.1 of the Series Supplement reduces the amount of the
     Standby Redraw Facility Principal immediately prior to such Principal
     Charge-off by the amount of the Principal Charge-off with effect from the
     Distribution Date following the Determination Date upon which the Principal
     Charge-off was determined.

6.6  Principal Charge-off Reimbursement

     A Principal Charge-off Reimbursement in relation to the Standby Redraw
     Facility Principal pursuant to clause 9.2 of the Series Supplement
     increases the amount of the Standby Redraw Facility Principal immediately
     prior to such Principal Charge-off Reimbursement with effect from the
     Distribution Date following the Determination Date upon which the Principal
     Charge-off Reimbursement was determined.

7.   PAYMENTS

7.1  Time on Due Date and Free of Set-off & Taxes

     All payments to be made by the Trustee under this Agreement will:

     (a)  (Due date): be made not later than close of business on the due date
          for payment and all such payments will be made in the manner and to
          such account as the Standby Redraw Facility Provider directs in
          writing; and

     (b)  (Set-off): be made without set-off or counterclaim and free and clear
          of and without deduction for or on account of present or future Taxes,
          levies, imposts, duties, charges, fees, deductions, withholdings,
          restrictions or conditions of any nature.

7.2  Certificate

     A certificate signed by an Authorised Officer of the Standby Redraw
     Facility Provider stating any amount or rate for the purposes of this
     Agreement will, in the absence of manifest error on its face, constitute
     prima facie evidence of the amount or rate stated therein.

8.   ILLEGALITY AND INCREASED COST

8.1  Illegality

     If any change in applicable law, regulation, treaty or official directive
     or in the interpretation or administration thereof by any Governmental
     Agency charged with the administration thereof makes it, in the reasonable
     opinion of counsel to the Standby Redraw Facility Provider evidenced in
     writing and addressed to the Trustee, unlawful or impossible for the
     Standby Redraw Facility Provider to maintain or give effect to its
     obligations under this Agreement, the Standby Redraw Facility Provider may
     by written notice to the Trustee (with a copy to the Manager) appoint a
     date as the Termination Date which date must not be prior to 30 days (or
     such shorter period required by law) after the date of receipt by the

                                                                             10.
<PAGE>

       Trustee of written notice from the Standby Redraw Facility Provider
       appointing the Termination Date.

 8.2   Increased Cost

       (a)    (Change in law):  If by reason of any change in law or in its
              interpretation or administration or because of compliance with any
              request from or requirement of any fiscal, monetary or other
              Governmental Agency:

              (i)    the Standby Redraw Facility Provider incurs a cost as a
                     result of its having entered into or performing its
                     obligations under this Agreement or as a result of any
                     Advance being outstanding hereunder;

              (ii)   there is any increase in the cost to the Standby Redraw
                     Facility Provider of funding or maintaining any Advance;

              (iii)  the amount of principal, interest or other amount payable
                     to the Standby Redraw Facility Provider or the effective
                     return to the Standby Redraw Facility Provider under this
                     Agreement is reduced; or

              (iv)   the Standby Redraw Facility Provider becomes liable to make
                     any payment (not being a payment of Tax on its overall net
                     income) on or calculated by reference to the amount of
                     Advances made under this Agreement,

              then from time to time on notification by the Standby Redraw
              Facility Provider (copied to the Manager) the Trustee will on the
              Distribution Date following such notification and on each
              succeeding Distribution Date until the Standby Redraw Facility
              Provider is paid in full pay to the Standby Redraw Facility
              Provider so much of the amounts sufficient to indemnify the
              Standby Redraw Facility Provider against such cost, increased
              cost, reduction or liability that is available for this purpose in
              accordance with the Series Supplement.

       (b)    (No defence):  If the Standby Redraw Facility Provider has acted
              in good faith it will not be a defence to the Trustee, in the
              event of any failure by the Trustee to comply with its payment
              obligations under clause 8.2(a), that any such cost, increased
              cost, reduction or liability could have been avoided. However, the
              Standby Redraw Facility Provider will negotiate in good faith with
              the Trustee and the Manager with a view to finding a means by
              which such cost, increased cost, reduction or liability may be
              minimised.

       (c)    (Certificate conclusive):  The Standby Redraw Facility Provider's
              certificate as to the amount of, and basis for arriving at, any
              such cost, increased cost, reduction or liability is conclusive
              and binding on the Trustee in the absence of manifest error on the
              face of the certificate.

 9.    FEES

       The Trustee will pay to the Standby Redraw Facility Provider a commitment
       fee of 0.05% per annum of the then un-utilised portion of the Facility
       Limit.  The commitment fee will be calculated daily from the date the
       Facility becomes available on the basis of a 365 day year and will be
       paid quarterly in arrears on each Distribution Date in accordance with
       the Series Supplement.  The amount of the commitment fee may be varied by
       agreement between the Trustee, the Manager and the Standby Redraw
       Facility Provider provided that each Rating Agency is given not less than
       3 Business Days prior notice by the Manager of any variation to the
       amount of the commitment fee and the amount of the commitment fee will
       not be varied if such variation would result in a reduction,
       qualification or withdrawal in any then current credit rating of a
       Security.

                                                                             11.
<PAGE>

10.    REPRESENTATIONS AND WARRANTIES

10.1   General Representations and Warranties

       The Trustee in its capacity as trustee of the Series Trust represents and
       warrants to the Standby Redraw Facility Provider that:

       (a)    (Execution, delivery and performance):  the execution, delivery
              and performance of this Agreement and each other Transaction
              Document in relation to the Series Trust to which it is a party
              does not violate any existing law or regulation or any document or
              agreement to which it is a party or which is binding upon it or
              any of its assets;

       (b)    (Corporate power and authorisation):  the Trustee has the power to
              enter into, and to perform its obligations, and has taken all
              corporate and other action necessary to authorise the entry into
              of, and performance of its obligations under, this Agreement and
              each other Transaction Document in relation to the Series Trust
              and to which it is a party;

       (c)    (Legally binding obligation):  this Agreement and each of the
              other Transaction Documents to which it is a party constitute its
              valid and legally binding obligations subject to stamping and any
              necessary registration except as such enforceability may be
              limited by any applicable bankruptcy, insolvency, reorganisation,
              moratorium or trust or other similar laws affecting creditors'
              rights generally; and

       (d)    (No Event of Default): to the best of the Trustee's knowledge no
              Event of Default or event which with the giving of notice, lapse
              of time or other applicable condition would become an Event of
              Default has occurred which has not been waived or remedied in
              accordance with this Agreement.

10.2   Corporate Representations and Warranties

       The Trustee in its capacity as trustee of the Series Trust represents and
       warrants in respect of itself to the Standby Redraw Facility Provider
       that:

       (a)    (Due incorporation):  it is duly incorporated and has the
              corporate power to own its own property and to carry on its
              business as is now being conducted;

       (b)    (Execution, delivery and performance):  the execution, delivery
              and performance of this Agreement and each other Transaction
              Document in relation to the Series Trust to which it is a party
              does not violate its constitution.

10.3   Series Trust Representations and Warranties

       The Trustee in its capacity as trustee of the Series Trust represents and
       warrants to the Standby Redraw Facility Provider in relation to the
       Series Trust as follows:

       (a)    (Series Trust validly created):  the Series Trust has been validly
              created and is in existence at the date of this Agreement;

       (b)    (Sole trustee):  the Trustee has been validly appointed as trustee
              of the Series Trust and is presently the sole trustee of the
              Series Trust;

       (c)    (No proceedings to remove):  no notice has been given to the
              Trustee and to the Trustee's knowledge no resolution has been
              passed or direction or notice has been given, removing the Trustee
              as trustee of the Series Trust;

       (d)    (Trustee's power):  the Trustee has power under the Master Trust
              Deed to enter into the Transaction Documents to which it is a
              party in its capacity as trustee of the Series Trust; and

       (e)    (Good title):  the Trustee is the lawful owner of the Assets of
              the Series Trust

                                                                             12.
<PAGE>

              and has power under the Master Trust Deed to mortgage or charge
              them in the manner provided in the Security Trust Deed.

10.4   Representations and Warranties Repeated

       Each representation and warranty contained in clauses 10.1, 10.2 and
       10.3 will be deemed to be repeated on each Drawdown Date with reference
       to the facts and circumstances then subsisting, as if made on each such
       day.

11.    UNDERTAKINGS

11.1   General

       The Trustee undertakes to the Standby Redraw Facility Provider that it
       will:

       (a)    (Act continuously):  act continuously as trustee of the Series
              Trust in accordance with the Master Trust Deed and the Series
              Supplement until the Series Trust is terminated or until it has
              retired or been removed in accordance with the Master Trust Deed;

       (b)    (Do all things necessary):  do everything and take all such
              actions which are necessary (including, without limitation,
              obtaining all such authorisations and approvals as are
              appropriate) to ensure that it is able to exercise all its powers
              and remedies and perform all its obligations under this Agreement,
              other arrangements entered into by the Trustee pursuant to this
              Agreement and each Transaction Document to which it is a party;

       (c)    (Maintain authorisations):  ensure that each authorisation
              required for it to maintain its status as trustee of the Series
              Trust is obtained and promptly renewed and maintained in full
              force and effect; and

       (d)    (Not amend or resolve):  not consent to amend or revoke provisions
              of the Master Trust Deed, the Series Supplement or the Security
              Trust Deed in respect of payments or the order of priorities of
              payments to be made thereunder without the prior written consent
              of the Standby Redraw Facility Provider.

11.2   Manager's Undertakings after Manager Event

       At any time after a Manager Event occurs the Manager will:

       (a)    (Notify Standby Redraw Facility Provider):  immediately notify the
              Standby Redraw Facility Provider as soon as it becomes actually
              aware of the occurrence of:

              (i)    any Event of Default, Servicer Default, Trustee Default,
                     Perfection of Title Event or Manager Default; or

              (ii)   any litigation, arbitration, criminal or administrative
                     proceedings relating to any of the Trustee's property,
                     assets or revenues that involves a claim against it in
                     excess of A$1 million or that, if decided adversely to it,
                     could have a material adverse effect on its ability to
                     perform the Obligations,

              and in each case advise the Standby Redraw Facility Provider of
              what steps it has taken and what steps it proposes to take in
              relation to such occurrences; and

       (b)    (Deliver Materials):  deliver to the Standby Redraw Facility
              Provider:

              (i)    as soon as practicable and in any event not later than 120
                     days after the close of each of the Series Trust's
                     financial years, a copy of the audited Accounts of the
                     Series Trust;

              (ii)   as soon as practicable and in any event not later than 90
                     days after the first half of each of the Series Trust's
                     financial years, a copy of a statement setting out the
                     Assets and Liabilities of the Series Trust for

                                                                             13.
<PAGE>

                     that half-year;

              (iii)  as soon as practical and in any event not later than 90
                     days after each half of each financial year of the Series
                     Trust, a copy of the written report prepared by the Auditor
                     in accordance with clause 21.9 of the Master Trust Deed;

              (iv)   as and when required by the Standby Redraw Facility
                     Provider, a certificate executed by two Authorised Officers
                     on behalf of the Manager stating to the best of the
                     knowledge of the Manager whether or not an Event of
                     Default, Servicer Default, Trustee Default, Perfection of
                     Title Event or Manager Default has occurred and if the same
                     has occurred, setting out the details of such event and the
                     steps (if any) taken by the Manager to remedy or cure the
                     same; and

              (v)    promptly, such further information regarding the Series
                     Trust's financial condition and business operations within
                     the knowledge of the Manager as the Standby Redraw Facility
                     Provider from time to time reasonably requires.

12.    EVENTS OF DEFAULT

12.1   Events of Default

       Each of the following events is an Event of Default whether or not caused
       by any reason whatsoever outside the control of the Trustee or any other
       person:

       (a)    (Failure to repay or pay):  the Trustee fails to pay any amount in
              accordance with this Agreement within 10 Business Days of the due
              date for payment of such amount;

       (b)    (Other Breach):  the Trustee breaches its undertaking in clause
              11.1(d); and

       (c)    (Event of Default under Security Trust Deed):  an Event of Default
              (as defined in the Security Trust Deed in relation to the Series
              Trust) occurs and any action is taken by the Security Trustee,
              pursuant to clause 10 of the Security Trust Deed, to appoint a
              Receiver in respect of the Assets of the Series Trust or to sell
              and realise the Assets of the Series Trust or the Security Trustee
              takes any action pursuant to clause .11 of the Security Trust
              Deed.

12.2   Consequences of Event of Default

       At any time after the occurrence of an Event of Default the Standby
       Redraw Facility Provider may, without being obliged to do so and
       notwithstanding any waiver of any previous default, by written notice to
       the Trustee:

       (a)    (Declare Advances due):  declare the Advances, accrued interest
              and all other sums which have accrued due under this Agreement
              (whether or not presently payable) to be due, whereupon they will
              become immediately due and payable; and/or

       (b)    (Declare Facility terminated):  declare the Facility terminated in
              which case the obligations of the Standby Redraw Facility Provider
              under this Agreement will immediately terminate from the date of
              receipt by the Trustee of such written notice.

13.    TRUSTEE PROVISIONS

13.1   Limitation on Trustee's Liability

       The Trustee enters into this Agreement only in its capacity as trustee of
       the Series Trust and in no other capacity.  A liability incurred by the
       Trustee acting in its capacity as trustee of the Series Trust arising
       under or in connection with this Agreement is limited to and can be
       enforced against the Trustee only to the extent to which it can be
       satisfied out of the Assets of the Series Trust out of which the Trustee
       is actually indemnified for the liability.  This limitation of the
       Trustee's liability applies despite any other provision of this Agreement

                                                                             14.
<PAGE>

       (other than clause 13.3) and extends to all liabilities and obligations
       of the Trustee in any way connected with any representation, warranty,
       conduct, omission, agreement or transaction related to this Agreement.

13.2   Claims against Trustee

       The parties other than the Trustee may not sue the Trustee in respect of
       any liabilities incurred by the Trustee acting in its capacity as trustee
       of the Series Trust in any capacity other than as trustee of the Series
       Trust including seeking the appointment of a receiver (except in relation
       to the Assets of the Series Trust) a liquidator, an administrator or any
       similar person to the Trustee, or prove in any liquidation,
       administration or similar arrangements of or affecting the Trustee
       (except in relation to the Assets of the Series Trust).

13.3   Breach of Trust

       The provisions of this clause 13 will not apply to any obligation or
       liability of the Trustee to the extent that it is not satisfied because
       under the Master Trust Deed, the Series Supplement, any other Transaction
       Document in relation to the Series Trust or by operation of law there is
       a reduction in the extent of the Trustee's indemnification out of the
       Assets of the Series Trust as a result of the Trustee's fraud, negligence
       or wilful default.

13.4   Acts or omissions

       It is acknowledged that the Relevant Parties are responsible under the
       Transaction Documents for performing a variety of obligations relating to
       the Series Trust.  No act or omission of the Trustee (including any
       related failure to satisfy its obligations or any breach or
       representations or warranties under this Agreement) will be considered
       fraud, negligence or wilful default of the Trustee for the purpose of
       clause 13.3 to the extent to which the act or omission was caused or
       contributed to by any failure by any Relevant Party or any other person
       appointed by the Trustee under any Transaction Document (other than a
       person whose acts or omissions the Trustee is liable for in accordance
       with any Transaction Document) to fulfil its obligations in relation to
       the Series Trust or by any other act or omission of a Relevant Party or
       any other such person.

13.5   No obligation

       (a)    (Obligations under this Agreement or any Transaction Document):
              The Trustee is not obliged to enter into any commitment or
              obligation under this Agreement or any Transaction Document unless
              the Trustee's liability is limited in a manner which is consistent
              with this clause 13.  The Trustee agrees and acknowledges that
              its liability for any commitment or obligation it has entered into
              under this Agreement is limited in a manner which is consistent
              with this clause 13.

       (b)    (Obligations not contained in this Agreement or any Transaction
              Document): The Trustee is not obliged to enter into any commitment
              or obligation contemplated by but not contained in this Agreement
              or any Transaction Document unless the Trustee's liability in
              relation to that commitment or obligation is limited in a manner
              satisfactory to the Trustee in its absolute discretion.

14.    ASSIGNMENT

14.1   Assignment by Trustee

       The Trustee will not assign or otherwise transfer the benefit of this
       Agreement or any of its rights, duties or obligations under this
       Agreement except to a Substitute Trustee acceptable to the Standby Redraw
       Facility Provider (whose consent is not to be unreasonably withheld).

                                                                             15.
<PAGE>

14.2   Assignment by Standby Redraw Facility Provider

       The Standby Redraw Facility Provider may at any time assign or otherwise
       transfer all or any part of the benefit of this Agreement or any of its
       rights, duties and obligations under this Agreement to another Bank or
       financial institution.  The Standby Redraw Facility Provider may disclose
       to a proposed assignee or transferee information in the possession of the
       Standby Redraw Facility Provider relating to the Trustee and the Manager.
       An assignment or transfer by the Standby Redraw Facility Provider
       pursuant to this clause 14.2 shall not be of any effect until the
       Standby Redraw Facility Provider has notified the Trustee in writing of
       the assignment or transfer, as the case may be.

15.    NOTICES

15.1   Method of Delivery

       Any notice, request, certificate, approval, demand, consent or other
       communication to be given under this Agreement:

       (a)    (Execution): must be signed by 2 Authorised Officers of the party
              giving the same;

       (b)    (In writing): must be in writing; and

       (c)    (Delivery): must be:

              (i)    left at the address of the addressee;

              (ii)   sent by prepaid ordinary post to the address of the
                     addressee; or

              (iii)  sent by facsimile to the facsimile number of the addressee,

              notified by that addressee from time to time to the other parties
              to this Agreement as its address for service pursuant to this
              Agreement.

15.    Deemed Receipt

       A notice, request, certificate, demand, consent or other communication
       under this Agreement is deemed to have been received:

       (a)    (Delivery): where delivered in person, upon receipt;

       (b)    (Post): where sent by post within Australia, on the 3rd day after
              posting, and where sent by post to, from or outside Australia, on
              the 7th day after posting; and

       (c)    (Fax): where sent by facsimile, on production by the dispatching
              facsimile machine of a transmission report which indicates that
              the facsimile was sent in its entirety to the facsimile number of
              the recipient.

       However, if the time of deemed receipt of any notice is not before 5.30
       pm on a Business Day at the address of the recipient it is deemed to have
       been received at the commencement of business on the next Business Day.

16.    INDEMNITY

16.1   Indemnity on Demand

       Subject to clause 13, the Trustee will on demand indemnify the Standby
       Redraw Facility Provider against any loss, cost or expenses which the
       Standby Redraw Facility Provider may sustain or incur as a consequence
       of:

       (a)    (Overdue sums):  any sum payable by the Trustee under this
              Agreement not being paid when due;

                                                                             16.
<PAGE>

       (b)    (Event of Default):  the occurrence of any Event of Default;

       (c)    (Failure to provide Advance):  an Advance requested in a Drawdown
              Notice not being provided for any reason including failure to
              fulfil any condition precedent but excluding any matter within the
              control of the Standby Redraw Facility Provider; or

       (d)    (Payment of principal):  the Standby Redraw Facility Provider
              receiving payments of principal other than on the last day of the
              relevant Interest Period for any reason.

16.2   Losses on Liquidation or Re-employment of Deposits

       The losses, costs or expenses referred to in clause 16.1 will include the
       amount determined in good faith by the Standby Redraw Facility Provider
       as being any loss (other than an amount for loss of profit other than
       loss of margin) including:

       (a)    (Liquidation and re-employment): loss of margin, cost or expense
              incurred by reason of the liquidation or re-employment of deposits
              or other funds acquired or contracted for by the Standby Redraw
              Facility Provider to fund or maintain any such Advance or amount;
              and

       (b)    (Other arrangements): losses, costs, damages, charges or expenses
              incurred by the Standby Redraw Facility Provider in relation to
              the variation, termination or making of any other arrangements in
              relation to any arrangement ancillary or related to this Agreement
              including, without limitation, any swap or derivative agreement
              entered into by the Standby Redraw Facility Provider in connection
              with or in order to fund any Advances.

16.3   Payment on Distribution Date

       Any payments to be made by the Trustee pursuant to this clause 16 will
       only be made on the Distribution Date following demand by the Standby
       Redraw Facility Provider and on each succeeding Distribution Date until
       the Standby Redraw Facility Provider is paid in full by payment of so
       much of the amount sufficient to indemnify the Standby Redraw Facility
       Provider as is available for this purpose in accordance with the Series
       Supplement.

17.    MISCELLANEOUS

17.1   Stamp Duties

       (a)    (Trustee must pay):  The Trustee will pay all stamp, loan
              transaction, registration and similar Taxes including fines and
              penalties (except such fines and penalties incurred through the
              act, neglect or omission of the Standby Redraw Facility Provider
              after the Standby Redraw Facility Provider has requested and been
              put in funds to pay such Taxes), financial institutions duty and
              debits tax which may be payable or required to be paid by any
              appropriate authority or determined to be payable in connection
              with the execution, delivery, performance or enforcement of this
              Agreement.

       (b)    (Trustee must indemnify):  Subject to clause 13, the Trustee will
              indemnify and keep indemnified the Standby Redraw Facility
              Provider against any loss or liability incurred or suffered by it
              as a result of the delay or failure by the Trustee to pay such
              Taxes.

17.2   Waiver

       A failure to exercise or enforce or a delay in exercising or enforcing or
       the partial exercise or enforcement of any right, remedy, power or
       privilege under this Agreement by the Standby Redraw Facility Provider
       will not in any way preclude or operate as a waiver of any further
       exercise or enforcement of such right, remedy, power or privilege or the
       exercise or enforcement of any other right, remedy, power or privilege
       under this

                                                                             17.
<PAGE>

       Agreement or provided by law.

17.3   Written Waiver, Consent and Approval

       Any waiver, consent or approval given by the Standby Redraw Facility
       Provider under this Agreement will only be effective and will only bind
       the Standby Redraw Facility Provider if it is given in writing, or given
       verbally and subsequently confirmed in writing, and executed by the
       Standby Redraw Facility Provider or on its behalf by two Authorised
       Officers of the Standby Redraw Facility Provider.

17.4   Severability

       Any provision of this Agreement which is illegal, void or unenforceable
       in any jurisdiction is ineffective in such jurisdiction to the extent
       only of such illegality, voidness or unenforceability without
       invalidating the remaining provisions of this Agreement or affecting the
       validity or enforceability of the provisions in any other jurisdiction.

17.5   Survival of Indemnities

       The indemnities contained in this Agreement are continuing obligations of
       the Trustee, separate and independent from the other obligations of the
       Trustee and will survive the termination of this Agreement.

17.6   Successors and Assigns

       This Agreement is binding upon and enures to the benefit of the parties
       to this Agreement and their respective successors and permitted assigns.

17.7   Moratorium Legislation

       To the fullest extent permitted by law, the provisions of all statutes
       whether existing now or in the future operating directly or indirectly:

       (a)    (To affect obligations):  to lessen or otherwise to vary or affect
              in favour of the Trustee any obligation under this Agreement; or

       (b)    (To affect rights):  to delay or otherwise prevent or
              prejudicially affect the exercise of any rights or remedies
              conferred on the Standby Redraw Facility Provider under this
              Agreement,

       are hereby expressly waived, negatived and excluded.

17.8   Amendments

       No amendment to this Agreement will be effective unless in writing and
       executed by each of the parties to this Agreement.  The Manager must give
       each Rating Agency not less than 10 Business Days' prior notice of any
       amendment to this Agreement.

17.9   Governing Law

       This Agreement is governed by and construed in accordance with the laws
       of the State of New South Wales.

17.10  Jurisdiction

       Each of the parties irrevocably and unconditionally:

       (a)    (Submission to jurisdiction):  submits to the non-exclusive
              jurisdiction of the courts of the State of New South Wales;

       (b)    (Waiver of inconvenient forum):  waives any objection it may now
              or in the future have to the bringing of proceedings in those
              courts and any claim that any proceedings have been brought in an
              inconvenient forum; and

                                                                             18.
<PAGE>

       (c)    (Service of notice):  agrees, without preventing any other mode of
              service permitted by law, that any document required to be served
              in any proceedings may be served in the manner in which notices
              and other written communications may be given under clause 15.

17.11  Counterparts

       This Agreement may be executed in a number of counterparts and all such
       counterparts taken together will constitute one and the same instrument.

                                                                             19.
<PAGE>

                                   SCHEDULE
                                DRAWDOWN NOTICE


To:           Commonwealth Bank of Australia, ACN 123 123 124
              [Address]

Attention:    Head of Securitisation

From:         Perpetual Trustee Company Limited, ACN 000 001 007

[Date]

In our capacity as trustee of the Series Trust, we hereby irrevocably request
you to make us an Advance on the Drawdown Date specified below for an amount
equal to the Redraw Amount specified below in accordance with clause 4 of the
Standby Redraw Facility Agreement dated [     ] between ourselves, Commonwealth
Bank of Australia, ACN 123 123 124 and Securitisation Advisory Services Pty.
Limited, ACN 064 133 946 as amended, novated or supplemented from time to time
(the "Standby Redraw Facility Agreement"):

(a)    Drawdown Date                                     [   ]

(b)    Redraw Amount                                    A$[  ]

(c)    Details of the calculation of the Redraw Amount    [  ]

Words used and not otherwise defined herein have the same meaning as in the
Standby Redraw Facility Agreement.

SIGNED on behalf of PERPETUAL
TRUSTEE COMPANY LIMITED as trustee
of the Series 2000 1-G Medallion
Trust by:


__________________________________
(Authorised Officer)


__________________________________
(Name)


__________________________________
(Title)

                                                                             20.
<PAGE>

EXECUTED as an agreement.


SIGNED for and on behalf of                  )    ______________________________
COMMONWEALTH BANK OF                         )    (Signature of Attorney)
AUSTRALIA ACN 123 123 124, by its            )
Attorney under a Power of Attorney dated     )
                                             )    ______________________________
in the presence of:                          )    (Name of Attorney in Full)

__________________________________________
(Signature of Witness)

__________________________________________
(Name of Witness in Full)


SIGNED for and on behalf of                  )    ______________________________
PERPETUAL TRUSTEE COMPANY                    )    (Signature of Attorney)
LIMITED, ACN 000 001 007, by its             )
Attorney under a Power of Attorney dated     )
                                             )
and who declares that he or she has not      )    ______________________________
received any notice of the revocation of     )    (Name of Attorney in Full)
such Power of Attorney in the presence of:   )


__________________________________________
(Signature of Witness)


__________________________________________
(Name of Witness in Full)


SIGNED SEALED AND DELIVERED for              )
and on behalf of SECURITISATION              )    ______________________________
ADVISORY SERVICES PTY. LIMITED,              )    (Signature of Attorney)
ACN 064 133 946, by its Attorney under a     )
Power of Attorney dated                      )
                                             )    ______________________________
and who declares that he or she has not      )    (Name of Attorney in Full)
received any notice of the revocation of     )
such Power of Attorney in the presence of:   )


__________________________________________
(Signature of Witness)


___________________________________________
(Name of Witness in Full)

                                                                             21.