UNITED STATES
          SECURITIES AND EXCHANGE COMMISSION
                Washington, D.C. 20549

                       FORM 10-K


(Mark One)

[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended September 30, 2005

                          or

[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from
                  to
-----------------    -----------------

Commission file number  333-113873-01

        ANZ Capel Court Limited as Trust Manager for
               the Kingfisher Trust 2004-1G
------------------------------------------------------------------
      (Exact name of registrant as specified in its
                       charter)

     Victoria, Australia                             N/A
-------------------------------              -------------------
(State or other jurisdiction of	              (I.R.S. Employer
 incorporation or organization)              Identification No.)


Level 12
530 Collins Street
Melbourne Victoria 3000
AUSTRALIA                                            N/A
----------------------------------------         -----------
(Address of principal executive offices)          (Zip Code)


Registrant's telephone number, including area code: (61 3) 9273 3173
                                                    -----------------

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

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

Indicate by check mark if the registrant  is a well-known
seasoned issuer, as defined in rule 405 of the Securities Act.

 Yes  [ ]     No [x]


Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the Act.

 Yes  [ ]     No [x]


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

 Yes  [X]     No [ ]


Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K (229.405 of this chapter)
is not contained herein, and will not be contained, to the best
of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K.

 Yes  [X]     No [ ]


Indicate by check mark whether the registrant is an accelerated
filer (as defined in Rule 12b-2 of the Act).

 Yes  [ ]     No [x]


Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Act).

 Yes  [ ]     No [x]


DOCUMENTS INCORPORATED BY REFERENCE

Form 424B4 - Prospectus dated June 29, 2004
Filed June 29, 2004.

Form 8-K for the December 20, 2004 Payment Date
Form 8-K for the March 18, 2005 Payment Date
Form 8-K for the June 20, 2005 Payment Date
Form 8-K for the September 19, 2005 Payment Date

File No.333-113873-01
CIK: 1305439


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

Table of Contents

Part I

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

Part II

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

Part III

 - Item 10. Directors and Executive Officers of the Registrant
 - Item 11. Executive Compensation
 - Item 12. Security Ownership of Certain Beneficial
            Owners and Management
 - Item 13. Certain Relationships and Related Transactions
 - Item 14. Principal Accountant Fees and Services

Part IV

 - Item 15. Exhibits, Financial Statement Schedules,
            and Reports on Form 8-K


PART I

Item 1. Business.
This Annual Report on Form 10-K relates to the
Kingfisher Trust 2004-1G (the "Trust") and the Class
A Residential Mortgage Backed Floating Rate
Notes (the "Notes") issued pursuant to the Note Trust
Deed dated July 2, 2004, between Perpetual Trustee
Company Limited, as Trustee (the "Issuer Trustee"); ANZ
Capel Court Limited (the "Trust Manager") as Trust
Manager; and The Bank of New York, New York Branch as
Principal Paying Agent (the "Note Trustee").
Capitalised terms used in this Form 10-K and
not defined have the same meanings ascribed to such
terms in the Prospectus for the above-referenced Notes.
The only business of the Trust is the collection
and distribution of payments on the residential
mortgage loans in the manner described in the
Prospectus on Form 424B4 (File No.333-113873-01).
Accordingly, there is no relevant information to
report in response to Item 101 of Regulation S-K.


Item 2. Properties
The Trust does not own any physical properties.
The property of the Trust consists solely of residential
mortgage loans.
Information concerning such property can be found in the
Trust's Investor Reports and Prospectus filed with the
Securities and Exchange Commission by the Registrant under
Forms 8-K and 424B4 respectively.


Item 3. Legal Proceedings.
The Registrant knows of no material legal proceedings
involving the Issuer Trustee, the Servicer or the Registrant
with respect to the Trust which were pending as of
September 30, 2005, or as of the date of this report
other than routine litigation incidental to the duties
of the respective parties.

Item 4. Submission of Matters to a Vote of Security Holders
No votes or consents of Noteholders were solicited during
the fiscal year for any purpose.

PART II

Item 5. Market for Registrant's Common Equity and Related
Stockholder Matters
The Notes are not traded on any nationally
recognised exchange in the United States.  The Notes
are listed and exchanged on the London Stock
Exchange. Since the Trust pays no dividends with respect
to the Notes, the information required by Item 201 of
Regulation S-K regarding dividends is inapplicable to
the Trust. See Exhibit 99.1 for information with respect
to distributions to Noteholders.

Item 6. Selected Financial Data.
The quarterly Investor Reports, which are required to
be included with each quarterly distribution of the
Trusts assets to Noteholders, set forth for the prior
quarter, as well as cumulatively, all of the relevant
financial information required by the Note Trust Deed
to be reported to Noteholders.
The Investor Reports for the Payment Dates in December 2004,
March 2005, June 2005 and September 2005 are incorporated
herein by reference and aggregated totals for the fiscal
year are incorporated herein as Exhibit No. 99.1.
The foregoing presents all relevant financial information
relating to the Trust.  Because of the limited business
activity of the Trust, the Selected Financial Data
specified in Item 301 of Regulation S-K would not provide
any meaningful additional information.

Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operation
Because of the limited business activity of the Trust,
the presentation of Managements Discussion and Analysis
of Financial Condition and Results of Operations, as
otherwise required by Item 303 of Regulation S-K, would
not be meaningful.  All relevant information is contained
in the Investor Reports (filed under Current Reports
on Form 8-K) as described above.

Item 7A. Quantitative and Qualitative Disclosures About
Market Risk
Currency Exchange Control Risk
Interest and principal payments to holders of Notes
are paid in United States dollars ("U.S. dollars").
However payments on the Housing Loans are received
by the Issuer Trustee, in Australian dollars, in
Australia (the "Collections").  Pursuant to certain
swap agreements (the "Swap Agreements") the Issuer
Trustee is required to pay a portion of the
Collections to certain swap counterparties (the
"Currency Swap Providers") who in turn pays ("Swap
Currency Exchange"), at the direction of the Issuer
Trustee, U.S. dollars to or for the account of the
Noteholders, (the "Currency Swap"). It is possible
that in the future Australia may impose exchange
controls that affect the availability of Australian
dollar payments for making payments under the Currency
Swap. The holders of the Notes will bear the risk of
the imposition of foreign exchange controls by the
Australian government that impact upon the Issuer
Trustee's ability to exchange the Collections for U.S.
dollars.  The Issuer Trustee has no control over
such risk, which will generally be affected by
economic and political events in Australia.  If the
Issuer Trustee does not pay some or all of the
amount in Australian dollars which it is required to
pay the Currency Swap Provider under the Currency
Swap, the Currency Swap Provider is only required to
pay the U.S. dollar equivalent of the amounts it
actually receives.  In such event, it is unlikely
that the Trust would have sufficient U.S. dollars to
make the payments due on the Notes.

The Australian laws that control and regulate or
permit the control and regulation of a broad range
of payments and transactions involving non-residents
of Australia can be summarised as follows:

-Accounts of persons and entities identified by the
Minister for Foreign Affairs as being associated with
terrorism remain frozen, and transactions with these
persons and entities prohibited, under Regulation 6A
of the Charter of the United Nations (Terrorism and Dealings
with Assets) Regulations 2002, made under the Charter
of the United Nations Act 1945.  Details of these Regulations,
and the lists of persons and entities proscribed in terms of
the Regulations, are published in the Commonwealth
Government Gazette and are available on the website
of the Department of Foreign Affairs and Trade at
www.dfat.gov.au/icat/.

-The United Nations Security Council Resolution 1483
(2003) was implemented by way of Notice from the
Governor of the Reserve Bank of Australia pursuant to
the Banking (Foreign Exchange) Regulations 1959 (Cth),
and imposes a number of new measures intended to
facilitate Iraqs reconstruction and rehabilitation, including
obligations on UN Member States to freeze any financial
assets of the previous Iraqi regime and to make such
assets available for a Development Fund for Iraq.
Australias obligations under Resolution 1483 (2003)
were implemented under the Iraq (Reconstruction and
Repeal of Sanctions) Regulations, which commenced
on 29 May 2003.

-Transactions involving individuals associated with the
regime of former President of Yugoslavia Slobodan Milosevic
and certain ministers and senior officials of the Government
of Zimbabwe are prohibited without the specific approval
of the Reserve Bank of Australia under the Banking
(Foreign Exchange) Regulations 1959 (Cth). The Reserve
Bank of Australia publishes changes to prohibited parties
and variations in the restrictions on those parties from time
to time in the Commonwealth Government Gazette.

-Transactions over A$100,000 involving the Embassy
of the Federal Republic of Yugoslavia, the Consulate-General
of the Federal Republic of Yugoslavia or the National Bank
of Yugoslavia require prior approval from the Reserve Bank
of Australia.


Currency Exchange Risk.
Interest and principal on the Notes is payable in
U.S. dollars and the Trust's primary source for
funding its payments on the Notes is its Collections
on the Housing Loans, which will be sourced in
Australian dollars.  If the Currency Swap Providers
were to fail to perform under the Currency Swap or
were to be discharged from such performance because
of a default thereunder by the Trust, the Trust
might have to exchange its Australian dollars for
U.S. dollars at an exchange rate that is less
favourable to the Trust than when the currency swap
was entered into and might therefore not have
sufficient U.S. dollars to make timely payments on
the Notes, even though the delinquency and loss
experience on the Housing Loans may be acceptable.

Item 8. Financial Statements and Supplementary Data
As discussed above, furnishing the financial information
required by Item 8 of Form 10-K would not add any
relevant information to that provided by the foregoing
statements.  Because the Notes are essentially
"pass-through" securities, the Trust will have "income"
only in the limited sense of collecting payments on the
residential mortgage loans.  The only material items of
"expense" for the Trust will be the amounts paid as
servicing compensation and potentially certain payments
relating to any credit enhancement facilities.  The
Investor Reports (filed under Current Reports on Form
8-K) and the aggregated totals for the fiscal year
incorporated herein as Exhibit No. 99.1. provide complete
information on the amounts of the "income" and "expenses"
of the Trust.

Item 9. Changes in and Disagreements With Accountants on
Accounting and Financial Disclosure
None.

Item 9B. Other Information
None.


PART III

Item 10. Directors and Executive Officers of the Registrant
Since the Trust will not have any directors or executive
officers, this item is not applicable.

Item 11. Executive Compensation
Since the Trust will not have any directors or executive
officers, this item is not applicable.

Item 12. Security Ownership of Certain Beneficial Owners and
Management.

All of the Class A Noteholders maintained their security
positions with the Depository Trust Company.

The following table sets forth
(i) the name and address of each entity owning any
outstanding principal amount of the Class A Notes
or Class B Notes;
(ii) the face value principal amount of  the Class of Notes
owned by each, if known, and
(iii) the percent that the face value principal amount of the
Class of Notes owned represents of the outstanding principal
amount of the Class of Notes.

The information set forth in the table is based upon
information obtained by the Trust Manager from the
Trustee and from The Depository Trust Company as of
September 30, 2005. The Trust Manager is not aware of any
Schedules 13D or 13G filed with the Securities and
Exchange Commission in respect of the Notes.

Class A Notes (2004-1G)


The Bank of New York
One Wall St.
New York, NY 10286
$375,000,000
37.50%

Citibank N.A.
425 PARK AVE 4TH
NEW YORK, NY  10022-3506
$161,350,000
16.14%


Comerica Bank
500 Woodward Avenue
Detroit, Michigan 48226
$810,000
0.08%


INVESTORS BANK & TRUST COMPANY
200 CLARENDON ST
BOSTON, MA  02116-5021
$10,520,000
1.05%


JP Morgan Chase Bank CCS2
270 Park Ave.
New York, NY 10017-2014
$40,000,000
4.00%

JP Morgan Chase Bank N.A.
270 Park Ave.
New York, NY 10017-2014
$145,000,000
14.50%


Mellon Trust of New England
1 Boston Pl
Boston, MA 02108-4407
$25,190,000
2.52%

UFJ Trust Company of New York
(212) 307-3400
666 5th Ave # 33
New York, NY 10103
$1,000,000
0.10%

NORTHERN TRUST COMPANY
50 South LaSalle St., M5
Chicago, IL 60675
$45,430,000
4.54%

STATE STREET BANK & TRUST COMPANY
225 FRANKLIN ST
BOSTON, MA  02110-2804
$195,700,000
19.57%


Class B Notes (2004-1G)

State Street Capital Pty Ltd
Level 37, 88 Phillip St
Sydney NSW Australia 2000
AUD 23,500,000
100.00%


Item 13. Certain Relationships and Related Transactions
The Registrant received Trust Manager Fee payments from the
Trust in accordance with the terms of the Master Trust Deed
and the Supplemental Deed.

Item 14. Principal Accounting Fees and Services
The Trust is an Asset-Backed Issuer and is not required
to disclose the information required by this item.


PART IV

Item 15. Exhibits, Financial Statement Schedules, and Reports
on Form 8-K

(a) (1) and (2):
Incorporated herein as Exhibit 31 is the Civil Certification
from the Principal Financial Officer.
The aggregate totals of the Investor Reports to the Trust
for the fiscal year ended September 30, 2005,
copies of the independent Auditor's Annual Servicer Compliance
Certificate, Custodian Services Audit Report and Australia and
New Zealand Banking Group Limited's Officer's Certificate Of
Compliance are attached hereto and are incorporated herein
by reference as Exhibit No. 99.1, Exhibit 99.2, Exhibit 99.3 and
Exhibit 99.4 respectively.

(a) (3)  EXHIBITS
Designation	Description	             Method of Filing

Exhibit 31      Section 302 Certification               31
Exhibit 99.1	Aggregate Totals for Fiscal Year        99.1
Exhibit 99.2	Custodial Services Audit Report	        99.2
Exhibit 99.3	Independent Auditor's Annual
                Servicer Compliance Certificate         99.3
Exhibit 99.4    Annual Servicer Compliance Officer's
                Certificate                             99.4

(b) On December 21, 2004, March 24, 2005, June 21,
2005 and September 15, 2005 reports on form 8-K were filed by the
Trust during the preceding fiscal year in order to provide
the statements for quarterly distributions to the
noteholders. No other reports on form 8-K have been filed
during the last fiscal year covered by this report.




Exhibit 31

              Section 302 Certification

              Kingfisher Trust 2004-1G


I, Shane Buggle, Managing Director and Principal Financial
Officer of ANZ Capel Court Limited, certify that:

1. I have reviewed this annual report on Form 10-K, and all
reports on Form 8-K containing distribution or servicing reports
filed in respect of periods included in the year covered by this
annual report, of the Kingfisher Trust 2004-1G filed by ANZ
Capel Court Limited (the Trust Manager and Registrant);

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

3. Based on my knowledge, the distribution or servicing information
required to be provided to the trustee by the servicer under the
pooling and servicing, or similar agreement, for inclusion in these
reports is included in these reports;

4. Based on my knowledge and upon the annual compliance statement
included in the report and required to be delivered to the trustee
in accordance with the terms of the pooling and servicing, or
similar, agreement, and except as disclosed in the reports, the
servicer has fulfilled its obligations under the servicing agreement;
and

5. The reports disclose all significant deficiencies relating to
the servicer's compliance with the minimum servicing standards
based upon the report provided by an independent public accountant,
after conducting a review in compliance with the Uniform Single
Attestation Program for Mortgage Bankers or similar procedure, as
set forth in the pooling and servicing, or similar agreement,
that is included in these reports.







Signature: /s/ Shane Buggle
	_____________________________
	December 23, 2005

Title: Managing Director




Exhibit 99.1

        AGGREGATE TOTALS FOR THE FISCAL YEAR
     INVESTOR REPORT - KINGFISHER TRUST 2004-1G

                          Interest Periods          Collection Periods
From                     20 September 2004             1 September 2004
To                       19 September 2005               31 August 2005
No: of days                       364 days                     364 days

Principal & Coupon details

                                    Class A Notes           Class B Notes

Face Value                      USD 1,000,000,000.00      AUD 23,500,000.00
Opening Principal Balance         USD 932,732,691.66      AUD 23,500,000.00
Opening Note Factor                           0.9327                 1.0000
Base Rate (Average)            (USD LIBOR 3M) 2.7225%      (BBSW 3M) 5.5696%
Margin                                       0.13000%                0.5300%
Base Rate + Margin (Average)                  2.8525%                6.0996%
Interest Payment                   USD 23,123,026.09           1,430,239.04
Principal Payment                 USD 280,052,105.10                   0.00
Closing Principal Balance         USD 652,680,586.56      AUD 23,500,000.00
Closing Note Factor                           0.6527                 1.0000
Moody's Current Rating                           Aaa                    Aa2
S&P Current Rating                               AAA                     AA
Fitch Current Rating                             AAA                     AA


Foreign Exchange Rate         0.6860

Available Income               AUD 82,169,669.80
Total Available Funds          AUD 82,169,669.80
Trust Expenses                 AUD 76,882,419.57
Excess Income Distributed       AUD 5,287,250.23

Gross Principal Collections   AUD 420,806,225.53
Redraws Made                   AUD 12,567,005.28
Principal Distributed         AUD 408,239,220.25




Exhibit 99.2

           BDO Chartered Accountants Letterhead

               DOCUMENT CUSTODY AUDIT REPORT


To the Manager
Primary Markets Group
ANZ Capel Court
Level 6, 530 Collins Street,
MELBOURNE   VIC   3000



Scope

We have audited the control procedures of the Custodian in
relation to its role as custodian as at 31 March 2005 in
order to express an opinion about their effectiveness based
upon the requirements of Section 7.5 of the Kingfisher Trust
2004-1G Supplemental Trust Deed.

Unless otherwise defined, terms and phrases have the same
definition as those appearing in the Kingfisher Trust 2004-1G
Transaction Documentation.

The criteria required by Section 7.6 of the Deed are that:

(i)   the purchased receivables and related securities
      forming part of the assets of the Trust are capable
      of identification and are distinguishable from the
      other assets of the Custodian;

(ii)  controls exist such that the title documents relating
      to such purchased receivables and related securities
      may not be removed or tampered with except with
      appropriate authorisation;

(iii) an appropriate tracking system is in place and such
      that the location of the security packets containing
      the title documents in respect of the purchased
      receivables and related securities of the Trust can
      be detected at any time and the location of the title
      documents can be detected at any time; and

(iv)  to confirm the accuracy of the Servicer's Statement in
      respect of the purchased receivables and related securities.

Our audit of the control procedures has been conducted in
accordance with Australian Auditing Standard AUS 810 "Special
Purpose Reports on the Effectiveness of Control Procedures" and
accordingly included such tests and procedures as we considered
necessary in the circumstances. These procedures have been
undertaken to form an opinion whether, in all material respects,
the control procedures in relation to the Custodian's role as
custodian were adequately designed so as to achieve the criteria
referred to above, and were operating effectively at the time of
our audit.

This report has been prepared for distribution to the Trustee
and Servicer for the purpose of monitoring the Servicer's custodial
role. We disclaim any assumption of responsibility for any
reliance on this report to any person other then those mentioned,
or for any purpose other than that for which it is prepared.

Inherent Limitations

Because of the inherent limitations of any internal control
structure it is possible that errors or irregularities may occur
and not be detected. Further, the internal control structure,
within which the control procedures that we have audited operate,
has not been audited and no opinion is expressed as to its effectiveness.

An audit is not designed to detect all weaknesses in control procedures
as it is not performed continuously throughout the period and the tests
performed are on a sample basis.

Any projection of the evaluation of the control procedures to future
periods is subject to the risk that the procedures may become inadequate
because of changes in conditions, or that the degree of compliance with
them may deteriorate.

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

Audit Opinion

In our opinion, based upon the criteria specified above, the rating for the
Custodian is "good" as at 31 March 2005, as described in section 7.7 of the
Supplementary Trust Deed of Kingfisher Trust 2004-1G.

BDO
Chartered Accountants



Robert D D Collie
Partner

Melbourne,     30 May 2005

CC:	Clare Heaton
	Perpetual Trustee Company Limited




Exhibit 99.3


                          KPMG Letterhead

Independent auditor's Annual Servicer Compliance Certificate
to the Directors of ANZ Capel Court Limited (the Trust Manager)

Scope

We have reviewed Australia and New Zealand Banking Group Limited's
(the "Servicer") activities for the purpose of determining its
compliance with the servicing standards contained in the Master
Servicer Deed dated 11 August 2000 (the "Document"), attached as
Appendix 1, in relation to the Kingfisher Trust 2001-1G and the
Kingfisher Trust 2004-1G (the "Trusts") for the year ended
30 September 2005.

We have reviewed the servicing standards contained in the Document
to enable us to report on whether those servicing standards are
similar to the Servicing Criteria detailed in paragraph 1122(d)
of the United States Securities and Exchange Commission Regulation
AB ("the Servicing Criteria").

The management of the Servicer is responsible for maintaining an
effective internal control structure including internal control
policies and procedures relating to the servicing of mortgage loans.
We have conducted an independent review of the servicing standards
included in Appendix 1, in order to express a statement on the
Servicer's compliance with them to the Trust Manager.

Our review of the servicing standards has been conducted in
accordance with Australian Auditing Standards applicable to
performance audits and accordingly included such tests and
procedures as we considered necessary in the circumstances.
In conducting our review we have also had regard to the guidance
contained in the Servicing Criteria.  These procedures have been
undertaken to enable us to report on whether anything has come to
our attention to indicate that there have been significant
deficiencies in the Servicer's compliance with the servicing
standards contained in the Document for the year ended
30 September 2005.

Our review did not include an assessment of the adequacy of the
servicing standards themselves.

Statement
Based on our review:

* nothing has come to our attention to indicate that there have been
  any significant deficiencies in Australia and New Zealand Banking
  Group Limited's compliance with the servicing standards contained
  in the Document, attached as Appendix 1, in respect of the Trusts
  for the year ended 30 September 2005; and

* the servicing standards contained in the Document for the Trusts
  are similar to the minimum servicing standards contained in the
  Servicing Criteria except for:

- The Document does not impose any servicing standard on the
  Servicer to maintain a fidelity-bond and errors and omissions
  policy.  However as a matter of commercial necessity and prudent
  risk management, the Servicer does maintain a Comprehensive Crime
  and Civil Liability insurance policy. The precise insured
  amount is commercial in confidence.

- The Document contains no servicing standards relating to investor
  reports, investor remittances and filing of reports with the
  Securities and Exchange Commission.  The Trust Manager is
  responsible for co-ordinating the investor remittances and under
  cl.17.2 of the Trusts' Note Trust Deed, the Trust Manager
  carries out the preparation and distribution of investor reports
  and filing of reports with the Securities and Exchange Commission.
  The Servicer is not responsible for investor remittances, the
  preparation of investor reports or filing of reports with the
  Securities and Exchange Commission.

- Mortgage payments shall be deposited into the custodial bank
  accounts and related bank clearing accounts within two business
  days of receipt. The Document does not contain an equivalent
  standard to this Servicing Criteria because the risks anticipated
  by this standard are fully mitigated because the Servicer is
  itself a government regulated bank with an acceptable credit
  rating and it has effective systems for tracking and segregating
  the collections received in its general ledger accounts that
  relate to each asset backed securities program it services.

- The Document contains no servicing standards relating to funds
  held on trust for an obligor or Escrow Funds because it is not
  relevant.  In Australia, the mortgagee or Servicer does not become
  a trustee of any funds for an obligor or become responsible for
  taxes, insurance, and other payments associated with
  home ownership when it becomes mortgagee of the Related Security.

- Tax and insurance payments shall be made on or before the penalty
  or insurance policy expiration dates, as indicated on tax bills
  and insurance premium notices, respectively, provided that such
  support has been received by the servicing entity at least thirty
  (30) calendar days prior to these dates. The Document does not
  contain an equivalent standard to this Servicing Criteria because
  it is not relevant. In Australia, the mortgagee or Servicer does
  not become responsible for taxes, insurance, and other payments
  associated with home ownership when it becomes mortgagee of the
  Related Security.

- Any late payment penalties paid in conjunction with the payment
  of any tax bill or insurance premium notice shall be paid from
  the servicing entity's funds and not charged to the mortgagor,
  unless the late payment was due to the mortgagor's error
  or omission.


KPMG


Michelle Somerville
Partner
Melbourne, Australia
22 December 2005



Appendix 1

Australia and New Zealand Banking Group Ltd (the "Servicer")
Servicing Standards

The following servicing standards are contained in the
Master Servicing Deed - Kingfisher Master Trusts dated 11 August 2000

  2 Servicing of Receivables and General Servicer Covenants

  Appointment of Servicer

  2.1   The Trustee appoints the Servicer to act as servicer to
        service and administer the Receivables and the Related
        Securities of each Relevant Trust upon and subject to the
        terms of the Transaction Documents in relation to which the
        Servicer is specified as, and agreed to act as, the Servicer
        in the relevant Supplemental Deed.  By executing a
        Supplemental Deed, the Servicer shall be taken to have
        accepted that appointment, and agreed to perform the role of
        Servicer in relation to that Relevant Trust in accordance with
        this deed and the relevant Supplemental Deed.

  2.2   The appointment of the Servicer under clause 2.1 in respect of
        a Relevant Trust may apply in relation to:

        (a) Receivables and Related Securities which are originated and
            entered into by the Trustee, under the terms of a Mortgage
            Origination and Management Deed; and

        (b) Receivables and Related Securities which are acquired by
            the Trustee from a Seller in accordance with the Master
            Trust Deed.

  Delegation by the Servicer

  2.3   The Servicer has the power to delegate or subcontract in
        relation to some or all of its obligations under this deed to
        an Originator by entering into a Mortgage Origination and
        Management Deed or such other agreement.

        Despite any delegation, the Servicer remains liable for the
        origination and servicing of the Receivables and the Related
        Securities in respect of a Relevant Trust in accordance with
        the Transaction Documents.  The Servicer must select and
        supervise each Originator with due care.

  Servicer's Obligations

  2.4   The Servicer must service the Receivables and Related Securities
        of each Relevant Trust and otherwise carry out and perform its
        duties and obligations under the Transaction Documents:

        (a) in accordance with all applicable laws; and

        (b) in a proper and businesslike manner; and

        (c) subject to paragraph (a) above, in accordance with the
            Servicing Procedures; and

        (d) to the extent not covered in the Transaction Documents
            or the Servicing Procedures, in accordance with the
            standards and practices of a prudent lender having regard
            to the assets of the Relevant Trust.

        No other provision of this clause 2 limits the obligations
        of the Servicer in this clause 2.4.

  2.5   Except in accordance with the terms of the relevant Supplemental
        Deed (whether or not at the direction of the Trust Manager),
        neither the Trustee nor the Trust Manager is entitled to
        exercise any servicing functions in connection with any
        Receivable or Related Security unless it is acting as Servicer.

  Servicer agrees to perform duties

  2.6   The Servicer agrees to carry out and perform its duties and
        obligations contained in this deed in respect of the Receivables
        and Related Securities of a Relevant Trust until the earlier of:

        (a) the date of its retirement or removal as Servicer in
            accordance with this deed or the relevant Supplemental Deed;
            and

        (b) the date upon which the Relevant Trust is terminated.

  General Servicer covenants

  2.7  The Servicer covenants with the Trustee and the Trust Manager
       that it will at all times during the term of its appointment in
       respect of each Relevant Trust:

       (a) recommend to the Trustee or such other Custodian or Sub-servicer
           (as the case may be)whether or not to take action (including the
           type of action to be taken) or to incur such expense to protect
           or enforce the terms of any Receivable and Related Security
           forming part of the Assets of the Relevant Trust or otherwise
           exercise any rights conferred under documentation or at law in
           relation to the Receivable and Related Security and take such
           action and incur such expenses as are necessary for such
           protection, enforcement or exercise of rights as approved
           by the Trustee;

       (b) set the interest rate charged (if that rate is a variable rate)
           on or any fees payable in respect of each Receivable of the
           Relevant Trust on the instructions of the Trust Manager;

       (c) prepare and collate all reasonably necessary performance
           statistics of the Receivables and Related Securities for the
           Relevant Trust;

       (d) provide to the Trustee and the Trust Manager promptly from
           time to time such information, documents, records, reports
           or other information relating to the Receivables and Related
           Securities of the Relevant Trust or the operations of the
           Servicer as may be reasonably requested by either of them;

       (e) subject to the terms of the relevant Supplemental Deed, on
           behalf of the Trustee, collect all Collections received by
           it in respect of each Receivable and Related Security of the
           Relevant Trust and remit any such Collections received by the
           Servicer to the relevant Collection Account (or sub accounts
           of that account) on or before the Payment Date relating to
           that Collection Period in the manner required by the relevant
           Supplemental Deed;

       (f) maintain any loan account in respect of any Receivable of the
           Relevant Trust and give all notices, documents or statement
           required to be given under the Servicing Procedures to the
           relevant Debtor or Security Provider;

       (g) with respect to any Mortgage Insurance Policies:

           (i)   promptly prepare and assist the Trustee to the extent
                 it is able to make claims under Mortgage Insurance
                 Policies when the Trustee is entitled to do so or at
                 the request of the Trustee;

           (ii)  not, without the consent of the Trustee, do anything
                 which could reasonably be expected to materially
                 adversely affect or limit the rights of the Trustee,
                 under or in respect of Mortgage Insurance Policies to
                 the extent those rights relate to a those Receivables;
                 and

           (iii) comply with, and to the extent it is able ensure that,
                 all requirements and conditions of the Mortgage
                 Insurance Policies are complied with;

       (h) not, without the consent of the Security Trustee, consent to
           the creation or existence of a Security Interest in the
           Receivables and Related Securities of the Relevant Trust to a
           third party, except as contemplated by the Transaction Documents;

       (i) electronically identify all Receivables and Related Securities
           of the Relevant Trust in its electronic database in order to
           identify the Collections and other relevant cashflows in
           respect of the Receivables and Related Securities;

       (j) except as required by law, the Servicing Procedures and the
           terms of the relevant Receivable or Related Security, not
           without the consent of the Trustee:

           (i)  release the Debtor from any amount owing in respect
                of a Receivable of the Relevant Trust or otherwise
                vary or discharge any such Receivable or Related
                Security; or

           (ii) enter into any agreement or arrangement which has the
                effect of altering the amount payable in respect of
                a Receivable of the Relevant Trust where to do so
                would have a Material Adverse Effect;

       (k) except as approved by the relevant Mortgage Insurer (if
           applicable or under a Binding Provision or an order,
           decision, finding, judgment or determination of a Competent
           Authority) and the Trustee of the Relevant Trust, not grant
           any extension of the maturity of a Receivable of the
           Relevant Trust or, except as otherwise required by law,
           allow any reduced payment that would result in such extension;

       (l) notify the Trustee and the Trust Manager of:

           (i)  the occurrence of any event which it reasonably believes is
                likely to have a Material Adverse Effect; and

           (ii) the occurrence of a Servicer Default,

           promptly after becoming aware of such event;

       (m) perform any obligations imposed upon the Servicer under a
           relevant Supplemental Deed or as otherwise agreed between
           the Trustee, the Trust Manager and the Servicer;

       (n) recommend to the Trustee the course of action to be taken
           if requested by a Debtor to grant any extension of time at
           maturity in relation to, vary or release any Receivable or
           Related Security of a Relevant Trust; and

       (o) maintain all authorisations, licences, permits, approvals
           and other registrations as may be required under any
           applicable legislation to act as servicer of the Receivables
           and the Related Securities.

  Servicer's Statement

  2.8   On each Determination Date, in respect of each Relevant Trust,
        the Servicer will prepare and submit to the Trust Manager a
        statement ("Servicer's Statement") setting out certain agreed
        information with respect to the Receivables and Related
        Securities of the Relevant Trust for the most recent Collection
        Period.

        The required contents of the Servicer's Statement may be
        specified in the Supplemental Deed for each Relevant Trust or
        otherwise agreed between the Trust Manager and the Servicer.

  Approval of Enforcement

  2.9   The Trustee agrees to approve all recommendations made by the
        Servicer under clause 2.7 that are in accordance with the
        Servicing Procedures.

  2.10  The Servicer may, on behalf of the Trustee, provide information
        in relation to Debtors and Security Providers (including,
        without limitation, information which may be subject to
        statutory or general law duties of confidentiality or privacy)
        to other persons for the purpose of the Servicer fulfilling
        its obligations as Servicer or the obligations of the Trustee
        in relation to the Receivables and the Related Securities.





Exhibit 99.4

                 ANZ Mortgages Letterhead

21st December, 2005


The Directors
ANZ Capel Court Ltd
C/- Level 6, 100 Queen Street
Melbourne Vic 3000



Dear Sirs,

Re: Back-Up Certification
    Annual Servicer Compliance Officer's Certificate
    Section 302 Certification - Paragraph 4.

The undersigned, a duly authorized representative of Australia
and New Zealand Banking Group Limited, as Servicer (the
"Servicer"), pursuant to the Master Servicing Deed - Kingfisher
Master Trusts between the Issuer Trustee, Servicer and the Trust
Manager], dated 11 August 2000 (the "Master Servicing Deed"),
does hereby certify that:

1. Capitalized terms used but not defined in this Officer's
   Certificate have their respective meanings set forth in
   the Agreement, unless the context requires otherwise or
   unless otherwise defined in this Officer's Certificate.

2. As of the date hereof, Australia and New Zealand Banking
   Group Limited is the Servicer of the Kingfisher Trust
   2001-1G and the Kingfisher Trust 2004-1G (the "Trusts").

3. This Officer's Certificate is delivered pursuant to the
   Master Servicing Deed.

4. A review of the activities of the Servicer during the
   calendar year ended 30 September 2005 and of its performance
   under the pooling and servicing, or similar, agreement
   was made under my supervision.

5. Based on such review, to my knowledge, the Servicer has
   fulfilled its obligations under the pooling and servicing,
   or similar, agreement relating to the Trusts (including
   the Kingfisher Master Trusts - Master Trust Deed, the
   Master Servicing Deed and the Supplemental Deeds relating
   to each Trust) throughout such calendar year, except as set
   forth in paragraph 6 below.

6. The following is a description of any exceptions to
   paragraph 5 above: Nil.

IN WITNESS WHEREOF, the undersigned, a duly authorized officer
of the Servicer, has duly executed this Officer's Certificate
this 21st day of December 2005.

Australia and New Zealand Banking Group Limited as Servicer




Michael Campbell
General Manager, Strategic Growth
ANZ Mortgage Group







SIGNATURES

Pursuant to the requirements of Section 13 or 15(d)
of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly
authorized.

(Registrant) ANZ Capel Court Limited
as Trust Manager for the Kingfisher Trust 2004-1G
____________________________________________________







By /s/ Shane Buggle - Managing Director
____________________________________________________
December 23, 2005




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






By /s/ Shane Buggle - Managing Director
____________________________________________________
December 23, 2005







By /s/ Rick Moscati - Director
____________________________________________________
December 23, 2005