**EXHIBIT 13.1**

 

**Noteholders Report**

**Crusade Global Trust No. 1 of 2005**

**Aggregate Totals For Fiscal Year 16 Mar 2005 to 30Sept 2005**

**Notes**

| ** **     | **FV Outstanding (USD) as****at Sept 30, 2005** | **Bond Factor as at****Sept 30, 2005**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | **Coupon Rate as at****Sept 30, 2005** |
|----------------|-------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------|
| Class A1 Notes | 556,704,788.25                                  | 92.784131%
3.94563%

 

**FV Outstanding (EUR) as****at Sept 30, 2005**

**Bond Factor as at****Sept 30, 2005**

**Coupon Rate as at****Sept 30, 2005**

Class A2 Notes

510,312,722.61

92.784131%

2.1960%

 

**FV Outstanding (AUD) as****at Sept 30, 2005**

**Bond Factor as at****Sept 30, 2005**

**Coupon Rate as at****Sept 30, 2005**
Class A-3 Notes
788,665,116.72
92.784131%
5.7750%
Class B Notes

32,100,000.00

100.000000%

5.9150%

Class C Notes

10,300,000.00

100.000000%

6.0150%

 

**Notes**

** **

**Interest Payments****(USD)**

**Principal Distribution****(USD)**

**Charge Offs****(USD)**

Class A-1 Notes

10,059,938.21

43,295,211.75
0.00

 

**Interest Payments****(EUR)**

**Principal Distribution****(EUR)**

**Charge Offs****(EUR)**

Class A-2 Notes

6,142,406.77

39,687,277.40

0.00

 

**Interest Payments****(AUD)**

**Principal Distribution****(AUD)**

**Charge Offs****(AUD)**
Class A-3 Notes
25,265,699.05
61,344,883.28
0.00
Class B Notes

991,872.59

0.00

0.00

Class C Notes

323,541.40

0.00

0.00

 

**Principal Collections Information in AUD**

 

 

 

Scheduled Principal Payments

23,791,717.39
Unscheduled Principal Payments

185,532,196.40
Redraws

20,050,711.91
 

 

Principal Collections

189,273,201.88
 

 

 

 

**Total Available Principal in AUD**

 

 

 

Principal Collections

189,273,201.88
Principal Charge Offs

0.00

Principal Draw

-10.555,618.13Reimbursement of Principal Draw
3,491,788.94
 

 

Total Available Principal

182,209,372.69
 Outstanding            Principal Draws

 7,063,829.19
                          
Principal Distributed

182,209,372.69
Principal Retained

0.00

 

 

 

**Total Available Funds in AUD**

 

 

 

Available Income

82,135,782.38
Principal Draw

10,555,618.13Reimbursement of Principal Draw
3,491,788.94
Liquidity Draw

0.00

 

 

Total Available Funds

92,691,400.51
 

 

 

 

**Redraw & Liquidity Facilities in AUD**

 

 

 

Redraw Shortfall

0.00

Redraw Carryover Charge Offs

0.00

 

 

Liquidity Draw

0.00

Liquidity Shortfall

0.00

  

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