Document:

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                                                                    Exhibit 10.3

              ---------------------------------------------------
                                DATED 17 MAY 2001

                            KINGFISHER TRUST 2001-1G
                            REDRAW FACILITY AGREEMENT

                        PERPETUAL TRUSTEE COMPANY LIMITED
                                   ("TRUSTEE")
                             ANZ CAPEL COURT LIMITED
                                ("TRUST MANAGER")
                 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
                          ("REDRAW FACILITY PROVIDER")

                            MALLESONS STEPHEN JAQUES
                                   Solicitors

                             Governor Phillip Tower
                                 1 Farrer Place
                                 Sydney NSW 2000
                           Telephone (61 2) 9296 2000
                           Facsimile (61 2) 9296 3999
                                  DX 113 Sydney
                                  Ref: SRF:BCC

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CONTENTS          KINGFISHER TRUST 2001-1G
                  REDRAW FACILITY AGREEMENT
================================================================================

                  1   INTERPRETATION                                       1

                  2   THE REDRAW FACILITY                                  3

                  3   CONDITIONS PRECEDENT                                 5

                  4   REDRAW DRAWINGS                                      6

                  5   INTEREST PERIODS                                     7

                  6   INTEREST                                             7

                  7   REPAYMENT OF REDRAW DRAWINGS                         8

                  8   AVAILABILITY FEE                                     9

                  9   CANCELLATION OR REDUCTION OF THE REDRAW FACILITY     9

                  10  CHANGED COSTS EVENT                                 10

                  11  ILLEGALITY                                          11

                  12  PAYMENTS AND TAXES                                  11

                  13  REPRESENTATIONS AND WARRANTIES                      12

                  14  GENERAL UNDERTAKINGS BY TRUSTEE                     14

                  15  REDRAW EVENTS OF DEFAULT                            15

                  16  NOTICES                                             16

                  17  SECURITY INTERESTS AND ASSIGNMENT                   17

                  18  MISCELLANEOUS                                       18

                  19  LIABILITY OF TRUSTEE AND LIMITED RECOURSE           19

                  20  GOVERNING LAW, JURISDICTION AND SERVICE OF PROCESS  20

                  21  COUNTERPARTS                                        20

                  22  COSTS, CHARGES, EXPENSES AND INDEMNITIES            20

                  23  REDRAW FACILITY PROVIDER TERMINATION DATE           22

                  SCHEDULE 1        DRAWDOWN NOTICE (CLAUSE 4)            23

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                        KINGFISHER TRUST 2001-1G
                        REDRAW FACILITY AGREEMENT

DATE:                   17 May 2001

PARTIES:                PERPETUAL TRUSTEE COMPANY LIMITED
                        (ABN 42 000 001 007) in its capacity as trustee of the
                        Trust and having its registered office at Level 3, 39
                        Hunter Street, Sydney, NSW 2000 ("TRUSTEE")

                        ANZ CAPEL COURT LIMITED (ABN 30 004 768 807) having its
                        registered office at Level 17, 530 Collins Street,
                        Melbourne, Victoria, 3000 ("TRUST MANAGER")

                        AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED (ABN 11
                        005 357 522) having its registered office at Level 6,
                        100 Queen Street, Melbourne, Victoria, 3000 ("REDRAW
                        FACILITY PROVIDER")

1.    INTERPRETATION
================================================================================
                  1.1   The following words have these meanings in this
                        agreement unless the contrary intention appears.

                        AVAILABLE REDRAW AMOUNT means, on a Determination Date,
                        an amount equal to:

                        (a)   the Redraw Limit on that Determination Date; less

                        (b)   the Redraw Principal Outstanding on that
                              Determination Date.

                        AVAILABILITY PERIOD means the period commencing on the
                        Closing Date and ending on the Redraw Facility
                        Termination Date.

                        CHANGED COSTS EVENT means:

                        (a)   the introduction or commencement after the date of
                              this agreement of, or any change in, or in the
                              interpretation, application or administration of
                              the compliance by, or a change in the method of
                              compliance by, the Redraw Facility Provider with
                              any law or regulation;

                        (b)   the incurrence of any new Taxes (other than a Tax
                              on the overall net income of the Redraw Facility
                              Provider); or

                        (c)   the imposition by any regulatory authority in
                              respect of the Redraw Facility Provider of any
                              new, or change in the imposition of any (as at the
                              date of this agreement), reserve requirement,
                              statutory reserve deposit, special deposit,
                              capital adequacy ratio, equity ratio, liquidity
                              ratio, liabilities ratio or other similar
                              requirement,

                        whether such event results in an increase or a decrease
                        in the relevant amount or cost referred to in clause
                        10.1.

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                        DEFINITIONS SCHEDULE means the deed entitled "Kingfisher
                        Master Trusts Master Definitions Schedule" dated 1
                        August 2000 between the Trustee, the Trust Manager and
                        P.T. Limited as amended by the deed entitled "Kingfisher
                        Master Trusts Amending Deed" dated 16 May 2001.

                        DRAWDOWN DATE means the date on which a drawing is or is
                        to be made under the Redraw Facility, which date must be
                        a Payment Date in respect of the Trust.

                        DRAWDOWN NOTICE means a notice given in accordance with
                        clause 4.1.

                        PERFORMING PURCHASED RECEIVABLES AMOUNT means, at any
                        time, the aggregate of:

                        (a)   the Outstanding Balance of all Housing Loans which
                              comprise part of the Purchased Receivables in
                              respect of which no payment due from the Debtor
                              has been in arrears for a period of more than 90
                              consecutive days; and

                        (b)   the Outstanding Balance of all Housing Loans which
                              comprise part of the Purchased Receivables in
                              respect of which a payment from the Debtor has
                              been in arrears for a period of more than 90
                              consecutive days and in respect of which a valid
                              claim is available under a Mortgage Insurance
                              Policy.

                        REDRAW DRAWING means a drawing made under the Redraw
                        Facility.

                        REDRAW EVENT OF DEFAULT has the meaning given to it in
                        clause 15.1.

                        REDRAW FACILITY means the facility granted pursuant to
                        this agreement.

                        REDRAW FACILITY TERMINATION DATE means the earliest of:

                        (a)   the Scheduled Termination Date;

                        (b)   the date upon which the Redraw Facility Provider
                              makes a determination under clause 11.1;

                        (c)   the date upon which the Trust Manager terminates
                              the Liquidity Facility under clause 23.1 and
                              clause 23.3;

                        (d)   the date upon which the Redraw Limit is cancelled
                              or reduced to zero under clause 9; and

                        (e)   the date upon which the Redraw Facility Provider
                              terminates the Redraw Facility under clause 15.2.

                        REDRAW FACILITY PROVIDER TERMINATION DATE means the date
                        determined under clause 23.3.

                        REDRAW INTEREST PERIOD means each period determined in
                        accordance with clause 5.

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                        REDRAW INTEREST RATE means, in respect of a Redraw
                        Drawing, the interest rate calculated in accordance with
                        clause 6.2.

                        REDRAW LIMIT means, at any time, the lesser of:

                        (a)   $40 million;

                        (b)   the Performing Purchased Receivables Amount on the
                              last day of the previous Collection Period; and

                        (c)   the amount (if any) to which the Redraw Limit has
                              been reduced to at that time in accordance with
                              clause 9.2.

                        SCHEDULED TERMINATION DATE means the date which is 364
                        days after the date of this agreement or such later date
                        as is specified by the Redraw Facility Provider under
                        clause 2.7.

                        SUPPLEMENTAL DEED means the deed entitled "Kingfisher
                        Trust 2001-1G Supplemental Deed" dated on or about the
                        date of this agreement between, amongst others, the
                        Trustee, the Trust Manager and the Unitholders.

                        TRUST means the Kingfisher Trust 2001-1G.

OTHER DEFINITIONS

                  1.2   Unless otherwise defined in this agreement, words and
                        phrases defined in the Definitions Schedule or the
                        Supplemental Deed have the same meaning in this
                        agreement with each reference to "this deed" being
                        construed as a reference to "this agreement". In the
                        event of an inconsistency between a definition in the
                        Definitions Schedule or the Supplemental Deed and this
                        agreement, the definition in this agreement prevails. In
                        the event of an inconsistency between a definition in
                        the Definitions Schedule and the Supplemental Deed, the
                        definition in the Supplemental Deed prevails.

INTERPRETATION

                  1.3   Clauses 1.2 to 1.5 (inclusive) of the Definitions
                        Schedule are deemed to be incorporated in this agreement
                        as if they were set out in full in it.

LIMITATION

                  1.4   The rights and obligations of the parties under this
                        agreement relate only to the Trust. The Redraw Facility
                        Provider has no obligation under this agreement to
                        provide financial accommodation to the Trustee in
                        respect of any other trust established under the Master
                        Trust Deed.

2.    THE REDRAW FACILITY
================================================================================
REDRAW FACILITY

                  2.1   The Redraw Facility Provider grants to the Trustee a
                        loan facility in Australian dollars in respect of the
                        Trust in an amount equal to the Redraw Limit. If the
                        Trustee wants to use the Redraw Facility, then it may do
                        so by one or more requests made in accordance with
                        clause 4. Subject to this agreement, the Redraw Facility
                        Provider agrees to

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                        provide financial accommodation requested by the Trustee
                        under this agreement.

PURPOSE

                  2.2   The Redraw Facility is only available to be drawn to
                        meet any Redraw Shortfall in relation to the Trust.

REDRAW SHORTFALL

                  2.3   The Redraw Limit will be available only if and to the
                        extent that there is a Redraw Shortfall on any
                        Determination Date.

TRUST MANAGER TO MAKE DRAWING

                  2.4   If, on any Determination Date during the Availability
                        Period, the Trust Manager determines that there is a
                        Redraw Shortfall on that Determination Date, the Trust
                        Manager must arrange, by giving a direction to the
                        Trustee, for a Redraw Drawing to be made under the
                        Redraw Facility on the immediately following Payment
                        Date in accordance with this agreement and equal to the
                        lesser of:

                        (a)   the Redraw Shortfall on that Determination Date;
                              and

                        (b)   the Available Redraw Amount on that Determination
                              Date.

LIMIT

                  2.5   Despite anything in this agreement, the Redraw Facility
                        Provider need not provide financial accommodation under
                        this agreement if to do so would result in the Redraw
                        Principal Outstanding exceeding the Redraw Limit.

TERMINATION

                  2.6   The Redraw Facility will terminate on the earlier of the
                        Redraw Facility Termination Date and the Redraw Facility
                        Provider Termination Date.

EXTENSION

                  2.7

                        (a)   Not less than 90 days before the then Scheduled
                              Termination Date, the Trust Manager may deliver a
                              notice in writing to the Redraw Facility Provider
                              (with a copy to the Trustee) requesting the Redraw
                              Facility Provider to extend the Scheduled
                              Termination Date.

                        (b)   Following the receipt by the Redraw Facility
                              Provider of the notice referred to in (a) above
                              and prior to the Scheduled Termination Date, the
                              Redraw Facility Provider may, in its absolute
                              discretion, send the Trustee a notice in writing
                              (copied to the Trust Manager) extending the then
                              Scheduled Termination Date to a later date, such
                              date not to be more than 364 days after the date
                              of the notice.

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CONDITIONS PRECEDENT
================================================================================
FIRST DRAWDOWN NOTICE

                  3.1   The Trustee must not deliver the first Drawdown Notice
                        until the Trustee has received written notice from the
                        Redraw Facility Provider that the Redraw Facility
                        Provider has received the following in form and
                        substance satisfactory to it:

                        (a)   (POWER OF ATTORNEY) a certified copy of the power
                              of attorney under which a person signs and
                              delivers this agreement for the Trustee and the
                              Trust Manager and, if applicable and required by
                              the Redraw Facility Provider, evidence of its
                              stamping and registration;

                        (b)   (TRANSACTION DOCUMENTS) a certified copy of each
                              Transaction Document executed by each of the
                              parties to the respective document;

                        (c)   (REGISTRATION OF CHARGE) evidence of registration
                              of, or intention to register, the Deed of Charge
                              with the relevant Governmental Agencies; and

                        (d)   (OPINIONS) a legal opinion addressed to the Redraw
                              Facility Provider from the Trustee's solicitors in
                              a form and substance satisfactory to the Redraw
                              Facility Provider.

DRAWINGS IN RESPECT OF A TRUST

                  3.2   The Redraw Facility Provider need not make any proposed
                        drawing available unless:

                        (a)   (STATEMENTS TRUE) it is reasonably satisfied that
                              the statements contained in the Drawdown Notice
                              are true at the date of the Drawdown Notice and at
                              the Drawdown Date;

                        (b)   (NO REDRAW EVENT OF DEFAULT) no Redraw Event of
                              Default continues unremedied or would result from
                              the provision of the proposed drawing;

                        (c)   (REPRESENTATIONS AND WARRANTIES) the
                              representations and warranties made or deemed to
                              be made by the Trustee and the Trust Manager in
                              any Transaction Document are true and correct as
                              of the date of the Drawdown Notice and the
                              Drawdown Date;

                        (d)   (OTHER SECURITY INTERESTS) other than in respect
                              of priorities granted by statute, the 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 for the benefit of the Redraw
                              Facility Provider in accordance with the Global
                              Master Security Trust Deed, the Deed of Charge and
                              the Supplemental Deed (other than the Security
                              Interests set out specifically in the Global
                              Master Security Trust Deed, the Deed of Charge and
                              the Supplemental Deed and ranking in priority to
                              or equal with the

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                              Security Interest held for the benefit of the
                              Redraw Facility Provider);

                        (e)   (NOTES) the Notes are still in existence and have
                              not been redeemed or repaid in full; and

                        (f)   (AVAILABILITY PERIOD) the Availability Period has
                              not expired.

CERTIFICATION

                  3.3   Anything required to be certified under clause 3 must be
                        certified by an Authorised Officer of the Trustee or the
                        Trust Manager (as applicable) as being true and complete
                        as at a date no earlier than the date of this agreement.

BENEFIT OF THE REDRAW FACILITY PROVIDER

                  3.4   The conditions precedent set out in this clause 3 are
                        for the benefit of the Redraw Facility Provider and any
                        of them may be waived by the Redraw Facility Provider in
                        its absolute discretion.

4.    REDRAW DRAWINGS
================================================================================
USE OF REDRAW FACILITY

                  4.1   If the Trustee on the direction of the Trust Manager
                        wants to use the Redraw Facility to make a Redraw
                        Drawing, it must do so only in accordance with clause
                        2.4 and it must give a notice to the Redraw Facility
                        Provider meeting the requirements of clause 4.3
                        ("DRAWDOWN NOTICE").

TIMING

                  4.2   Each Redraw Drawing must be drawn down on a Payment Date
                        in respect of the Trust. Each Redraw Drawing must be
                        credited to the Collection Account and applied only in
                        accordance with clause 15 of the Supplemental Deed.

FORM OF NOTICE

                  4.3   A Drawdown Notice given under clause 4.1 must:

                        (a)   be in or substantially in the form of Schedule 1;

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

                        (c)   specify the Drawdown Date, which must be a day
                              which complies with clause 4.2;

                        (d)   specify the amount of the proposed Redraw Drawing
                              and its method of calculation; and

                        (e)   be given no later than 4.00pm on the day which is
                              2 Business Days prior to the relevant Payment Date
                              (or such other period as may be agreed between the
                              Trustee, the Trust Manager and the Redraw Facility
                              Provider).

EFFECTIVE

                  4.4   A Drawdown Notice is effective on actual receipt in
                        legible form by the Redraw Facility Provider and is
                        irrevocable.

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AGREEMENT TO MAKE REDRAW DRAWING

                  4.5   Subject to this agreement, the Redraw Facility Provider
                        agrees to deposit in the Collection Account the amount
                        of any Redraw Drawing in immediately available funds by
                        11.30am Melbourne time on the relevant Payment Date.

5     INTEREST PERIODS
================================================================================
INITIAL INTEREST PERIODS

                  5.1   The first Redraw Interest Period in respect of a Redraw
                        Drawing commences on (and includes) its Drawdown Date
                        and ends on (but excludes) the next Payment Date. Each
                        subsequent Redraw Interest Period will commence on (and
                        include) a Payment Date and end on (but exclude) the
                        next Payment Date.

FINAL INTEREST PERIOD

                  5.2   A Redraw Interest Period in respect of a Redraw Drawing
                        which would otherwise end after the Final Termination
                        Date of the Trust ends on (but excludes) that Final
                        Termination Date.

6     INTEREST
================================================================================
PAYMENT OF INTEREST

                  6.1   The Trustee agrees to pay to the Redraw Facility
                        Provider interest on the daily balance of each Redraw
                        Drawing from and including its Drawdown Date until the
                        Redraw Drawing is repaid in full. On each Payment Date,
                        the Trustee will pay to the Redraw Facility Provider
                        accrued interest on each Redraw Drawing. If, on any
                        Payment Date, all amounts due in accordance with this
                        clause 6.1 are not paid in full, on each following
                        Payment Date the Trustee must pay so much of the amounts
                        as are available for that purpose in accordance with the
                        Supplemental Deed until such amounts are paid in full.

CALCULATION OF INTEREST

                  6.2   Interest is to be calculated for each Redraw Interest
                        Period. Interest accrues from day to day and is to be
                        calculated on actual days elapsed and a 365 day year.
                        Interest is payable quarterly in arrears on each Payment
                        Date in the manner contemplated by clause 6.1. The rate
                        of interest paid to the Redraw Facility Provider in
                        respect of a Redraw Interest Period is the sum of the
                        Bank Bill Rate on the first day of that Redraw Interest
                        Period (rounded to 3 decimal places) and 0.275% per
                        annum ("REDRAW INTEREST RATE").

INTEREST ON OVERDUE AMOUNTS

                  6.3

                        (a)   If any payment by the Trustee on a Payment Date
                              under clause 6.1 is insufficient to pay the full
                              amount of accrued interest on each Redraw Drawing
                              and any other interest due and payable under
                              clause 6.3(b) up to the close of the Redraw
                              Interest Period just ended, such unpaid interest
                              will itself capitalise and bear interest in
                              accordance with clauses 6.1 and 6.2 of this
                              agreement.

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                        (b)   The Trustee agrees to pay interest on any amount
                              payable by it under this agreement (including
                              without limitation on any unpaid interest) from
                              when it becomes due for payment during the period
                              that it remains unpaid. Interest is payable at the
                              rate set out in clause 6.2, as if the amount is a
                              Redraw Drawing having successive Redraw Interest
                              Periods calculated in accordance with clause 5.
                              The first Redraw Interest Period commences on the
                              day when the outstanding amount becomes due for
                              payment and each subsequent Redraw Interest Period
                              commences on the day when the preceding Redraw
                              Interest Period expires.

OBLIGATION UNAFFECTED

                  6.4   The Trustee's obligation to pay the outstanding amount
                        on the date it becomes due for payment is not affected
                        by clause 6.3.

INTEREST FOLLOWING JUDGMENT OR ORDER

                  6.5   If a liability under this agreement becomes merged in a
                        judgment or order, then the Trustee agrees to pay
                        interest to the Redraw Facility Provider on the amount
                        of that liability as an independent obligation. This
                        interest accrues from the date the liability becomes due
                        for payment both before and after the judgment or order
                        until it is paid, at a rate that is the higher of the
                        rate payable under the judgment or order and the rate
                        referred to in clause 6.3(b).

7     REPAYMENT OF REDRAW DRAWINGS
================================================================================
REPAYMENT OF REDRAW DRAWINGS

                  7.1   Subject to clause 7.3, on each Payment Date, the Trustee
                        will repay to the Redraw Facility Provider so much of
                        the Redraw Principal Outstanding as there are funds
                        available for this purpose for that Payment Date in
                        accordance with clause 15 of the Supplemental Deed.

RE-DRAWING

                  7.2   Amounts repaid pursuant to clause 7.1 may be redrawn by
                        the Trustee in accordance with the terms of this
                        agreement.

REPAYMENT ON TERMINATION DATE

                  7.3   Notwithstanding clause 7.1, on or before the Redraw
                        Facility Termination Date, the Trustee must repay:

                        (a)   the Redraw Principal Outstanding;

                        (b)   interest accrued thereon; and

                        (c)   all other money due under this agreement,

                        in each case to the extent that amounts are available
                        for that purpose in accordance with the Master Trust
                        Deed and the Supplemental Deed.

                  7.4   If all amounts due in accordance with clause 7.3 are not
                        paid or repaid in full on the Payment Date immediately
                        following the Redraw Facility Termination Date, the
                        Trustee will repay so much of such amounts on succeeding
                        Payment Dates as is available for that purpose in

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                        accordance with the Master Trust Deed and the
                        Supplemental Deed until all such amounts are paid or
                        repaid in full.

                  7.5   A Carryover Principal Charge-Off made under clause
                        15.15(b)(ii) of the Supplemental Deed reduces the amount
                        of the Redraw Principal Outstanding from the date on
                        which the Carryover Principal Charge-Off applicable to
                        the Redraw Facility is made by the amount of the
                        Carryover Principal Charge-Off.

8     AVAILABILITY FEE
================================================================================
                  8.1   The Trustee will pay to the Redraw Facility Provider an
                        availability fee of 0.15% per annum on the then
                        un-utilised portion of the Redraw Limit. The fee will
                        be:

                        (a)   calculated and accrue daily from the Closing Date
                              on the basis of a 365 day year; and

                        (b)   paid quarterly in arrears on each Payment Date in
                              accordance with clause 15 of the Supplemental
                              Deed.

                  8.2   The availability fee payable under clause 8.1 may be
                        varied from time to time by the Trust Manager, the
                        Trustee and the Redraw Facility Provider provided that
                        the Trust Manager notifies each Designated Rating Agency
                        of the variation and receives confirmation from each
                        Designated Rating Agency that the variation will not
                        have an Adverse Rating Effect.

9     CANCELLATION OR REDUCTION OF THE REDRAW FACILITY
================================================================================
CANCELLATION

                  9.1

                        (a)   Subject to paragraph (b), the Trustee may on the
                              direction of the Trust Manager cancel the Redraw
                              Facility by written notice to the Redraw Facility
                              Provider.

                        (b)   The cancellation referred to in paragraph (a) will
                              only be effective if each Designated Rating Agency
                              has confirmed that the cancellation of the Redraw
                              Facility will not have an Adverse Rating Effect,
                              unless all of the Notes have been or will be
                              redeemed on or before the date such cancellation
                              is to take effect in which case no such
                              confirmation is necessary.

REDUCTION OF REDRAW LIMIT

                  9.2   The Trustee may on the direction of the Trust Manager
                        reduce the Redraw Limit in whole or in part by written
                        notice to the Redraw Facility Provider and must notify
                        each Designated Rating Agency of the reduction.

WHEN NOTICES EFFECTIVE

                  9.3   A notice given by the Trustee pursuant to either clause
                        9.1 or 9.2 will be effective on the day which is 3
                        Business Days after receipt by the

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                        Redraw Facility Provider (or such other period agreed
                        between the Trustee, the Trust Manager and the Redraw
                        Facility Provider).

10.   CHANGED COSTS EVENT
================================================================================
DETERMINATION

                  10.1  Subject to clause 19, if, as a result of a Changed Costs
                        Event, the Redraw Facility Provider determines that:

                        (a)   there is any direct or indirect change in the cost
                              to the Redraw Facility Provider of providing,
                              agreeing to provide, maintaining its commitment to
                              provide, funding or maintaining financial
                              accommodation under this agreement;

                        (b)   there is any direct or indirect change in any
                              amount received or receivable by the Redraw
                              Facility Provider in the effective return to the
                              Redraw Facility Provider in connection with
                              financial accommodation provided or to be provided
                              under this agreement (including, without
                              limitation, the return on the Redraw Facility
                              Provider's overall capital which could have been
                              achieved but for the occurrence of the Changed
                              Costs Event); or

                        (c)   the Redraw Facility Provider is required to make a
                              payment or to forgo interest or other return on or
                              calculated by reference to an amount received or
                              receivable under this agreement,

                        then the Trustee must on the direction of the Trust
                        Manager pay (if applicable) to the Redraw Facility
                        Provider on the next Payment Date the additional amount
                        which the Redraw Facility Provider certifies is
                        necessary to compensate the Redraw Facility Provider for
                        the changed cost, reduction, payment or forgone interest
                        or other return.

INDIRECT COST

                  10.2  If the changed cost, reduction, payment or forgone
                        interest or other return is indirect, the Trustee (if
                        applicable) agrees to pay the Redraw Facility Provider
                        the proportion of it which the Redraw Facility Provider
                        determines to be fairly attributable to the financial
                        accommodation made available under this agreement.

CERTIFICATE

                  10.3  The Redraw Facility Provider must provide a certificate
                        to the Trust Manager setting out details of the relevant
                        Changed Costs Event and the calculations made by the
                        Redraw Facility Provider to determine the new amount
                        payable under clause 10.1. Any such certificate signed
                        by the Redraw Facility Provider as to an amount payable
                        by the Trustee under this clause 10 is conclusive
                        evidence of the amount stated in it in the absence of
                        manifest error. In determining additional amounts
                        payable under this clause 10, the Redraw Facility
                        Provider may use averaging and attribution methods
                        commonly used by financiers or any other reasonable
                        averaging or attribution method.

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MINIMISATION

                  10.4  If the Redraw Facility Provider is to receive any
                        additional payment under clause 10.1, the Redraw
                        Facility Provider must use its best endeavours to make
                        the relevant advances or financial accommodation
                        available by some alternative means (including, without
                        limitation, changing its lending office or making the
                        advances or financial accommodation available through a
                        Related Entity of the Redraw Facility Provider) which
                        would avoid the necessity for the additional payment or
                        reduce the amount of it. Nothing in this clause 10.4
                        affects the obligations of the Trustee under clauses
                        10.1 and 10.2.

11    ILLEGALITY
================================================================================
                  11.1  If as a result of any change in a law, regulation, code
                        of practice or an official directive which has the force
                        of law or compliance with which is in accordance with
                        the practice of responsible bankers in the jurisdiction
                        concerned, or in their interpretation or administration
                        after the date of this agreement, the Redraw Facility
                        Provider determines that it is or has become apparent
                        that it will become contrary to that official directive,
                        impossible or illegal for the Redraw Facility Provider
                        to fund, provide or maintain financial accommodation or
                        otherwise observe its obligations under this agreement
                        then the Trustee, on the immediately following Payment
                        Date, must, to the extent that there are Principal
                        Collections available on that Payment Date, prepay so
                        much of the Redraw Principal Outstanding as the Redraw
                        Facility Provider specifies to the Trustee in writing
                        together with accrued interest and other amounts payable
                        by the Trustee under this agreement. The Redraw Facility
                        Provider's obligations to the Trustee under this
                        agreement terminate on the giving of the notice.

                  11.2  If, on any Payment Date, all amounts due in accordance
                        with clause 11.1 are not paid or repaid in full, on each
                        following Payment Date the Trustee will pay or repay so
                        much of the amounts as there are funds available for
                        that purpose on that Payment Date in accordance with the
                        Supplemental Deed until such amounts are paid or repaid
                        in full.

12    PAYMENTS AND TAXES
================================================================================
MANNER OF PAYMENT

                  12.1  The Trustee agrees to make payments to the Redraw
                        Facility Provider under this agreement not later than
                        5.00pm local time in the place of payment on the due
                        date in immediately available funds to the account of
                        the Redraw Facility Provider at the bank which the
                        Redraw Facility Provider designates by prior written
                        notice to the Trustee. All payments must be made in
                        accordance with the Master Trust Deed and the
                        Supplemental Deed.

NO SET OFF, ETC

                  12.2  The Trustee agrees to make payments under this agreement
                        without set-off or counterclaim and free and clear of
                        any withholding or deduction for Taxes unless prohibited
                        by law.

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REPRESENTATIONS AND WARRANTIES
================================================================================
GENERAL REPRESENTATIONS AND WARRANTIES

                  13.1  The Trustee represents and warrants to the Redraw
                        Facility Provider as follows:

                        (a)   (INCORPORATION) it is validly incorporated and
                              existing under the laws pursuant to which it
                              purports to have been incorporated;

                        (b)   (CORPORATE POWER) it has the corporate power to
                              own its assets and to carry on its business as it
                              is now being conducted and as proposed to be
                              conducted under this agreement and under each of
                              the Transaction Documents to which it is a party;

                        (c)   (POWER) it has full power and authority to enter
                              into and perform its obligations under this
                              agreement and each of the Transaction Documents to
                              which it is a party;

                        (d)   (ALL ACTION TAKEN) it has taken all necessary
                              internal corporate action to authorise the
                              execution, delivery and performance of this
                              agreement and each of the Transaction Documents to
                              which it is a party in accordance with their
                              respective terms and no additional approval or
                              consent of any person is required;

                        (e)   (VALIDITY OF OBLIGATIONS) this agreement and each
                              of the Transaction Documents to which it is a
                              party constitute legal, valid and binding
                              obligations of it and, subject to any necessary
                              stamping and registration and to doctrines of
                              equity and laws and defences generally affecting
                              creditors' rights, are enforceable in accordance
                              with their respective terms;

                        (f)   (NO VIOLATION) the execution, delivery and
                              performance by it of this agreement and each of
                              the Transaction Documents to which it is a party
                              does not and will not violate in any respect any
                              material provision of:

                             (i)   any law, regulation, authorisation, ruling,
                                   consent, judgement, order or decree of any
                                   Governmental Agency; or

                             (ii)  its constitution; or

                             (iii) any Encumbrance or document which is binding
                                   upon it or any of its assets,

                             and (except in respect of the Deed of Charge) does
                             not and will not result in:

                             (iv)  the creation or imposition of any
                                   Encumbrance or restriction of any nature on
                                   any of its assets under the provision of; or

<PAGE>
                                                                              13
--------------------------------------------------------------------------------

                             (v)   the acceleration of the date of payment of
                                   any obligation existing under,

                              any Encumbrance or document which is binding upon
                              it or its assets;

                        (g)   (AUTHORISATIONS) it has obtained all
                              Authorisations necessary for it to enter into, and
                              perform its obligations under, the Transaction
                              Documents and such Authorisations remain in full
                              force and effect;

                        (h)   (NO REDRAW EVENT OF DEFAULT) to its knowledge no
                              Redraw Event of Default or event which with the
                              giving of notice, lapse of time or other
                              applicable condition would become a Redraw Event
                              of Default has occurred which has not been waived
                              or remedied in accordance with this agreement;

                        (i)   (CREATION OF TRUST) the Trust has been validly
                              created;

                        (j)   (APPOINTMENT OF TRUSTEE) it has been validly
                              appointed as the trustee of the Trust;

                        (k)   (SOLE TRUSTEE) it is the sole trustee of the
                              Trust;

                        (l)   (TRUST POWER) it has power under the Transaction
                              Documents to enter into, perform and comply with
                              its obligations, and to carry out the transactions
                              contemplated by, this agreement;

                        (m)   (NO REMOVAL) as far as it is aware, there are no
                              proceedings to remove it as trustee of the Trust;
                              and

                        (n)   (VESTING DATE) the vesting date has not occurred
                              in respect of the Trust.

                  13.2  The Trust Manager represents and warrants to the Redraw
                        Facility Provider as follows:

                        (a)   (INCORPORATION) it is validly incorporated and
                              existing under the laws pursuant to which it
                              purports to have been incorporated;

                        (b)   (CORPORATE POWER) it has the corporate power to
                              own its assets and to carry on its business as it
                              is now being conducted and as proposed to be
                              conducted under this agreement and under each of
                              the Transaction Documents to which it is a party;

                        (c)   (POWER) it has full power and authority to enter
                              into and perform its obligations under this
                              agreement and each of the Transaction Documents to
                              which it is a party;

                        (d)   (ALL ACTION TAKEN) it has taken all necessary
                              internal corporate action to authorise the
                              execution, delivery and performance of this
                              agreement and each of the Transaction Documents to
                              which it is a party in accordance with their
                              respective terms

<PAGE>
                                                                              14
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                              and no additional approval or consent of any
                              person is required;

                        (e)   (VALIDITYOF OBLIGATIONS) this agreement and each
                              of the Transaction Documents to which it is a
                              party constitute legal, valid and binding
                              obligations of it and, subject to any necessary
                              stamping and registration and to doctrines of
                              equity and laws and defences generally affecting
                              creditors' rights, are enforceable in accordance
                              with their respective terms;

                        (f)   (NO VIOLATION) the execution, delivery and
                              performance by it of this agreement and each of
                              the Transaction Documents to which it is a party
                              does not and will not violate in any respect any
                              material provision of:

                              (i)   any law, regulation, authorisation, ruling,
                                    consent, judgement, order or decree of any
                                    Governmental Agency; or

                              (ii)  its constitution;

                        (g)   (AUTHORISATIONS) it has obtained all
                              Authorisations necessary for it to enter into, and
                              perform its obligations under, the Transaction
                              Documents and such Authorisations remain in full
                              force and effect; and

                        (h)   (NO REDRAW EVENT OF DEFAULT) to its knowledge no
                              Redraw Event of Default or event which with the
                              giving of notice, lapse of time or other
                              applicable condition would become a Redraw Event
                              of Default has occurred which has not been waived
                              or remedied in accordance with this agreement.

REPETITION

                  13.3  These representations and warranties are taken to be
                        also made on each date upon which a Drawdown Notice is
                        provided and each Payment Date with reference to the
                        facts and circumstances then subsisting, as if made on
                        such day.

14    GENERAL UNDERTAKINGS BY TRUSTEE
================================================================================

                  14.1  The Trustee undertakes to:

                        (a)   (ACT AS TRUSTEE) act continuously as trustee of
                              the Trust in accordance with the Master Trust Deed
                              and the Supplemental Deed until the Trust is
                              terminated or until it has retired or been removed
                              in accordance with the Master Trust Deed;

                        (b)   (TAKE ACTIONS) 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
                              and any other arrangements entered by it pursuant
                              to the Transaction Documents to which it is party;

<PAGE>
                                                                              15
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                        (c)   (AUTHORISATIONS) ensure that each Authorisation
                              required for it to act as trustee of the Trust and
                              for the business of the Trust to be conducted as
                              now conducted or as contemplated by the
                              Transaction Documents, is obtained and promptly
                              renewed and maintained in full force and effect;

                        (d)   (NOT AMEND) not consent to amend or revoke the
                              provisions of the Master Trust Deed (insofar as it
                              affects the Trust) or the Supplemental Deed
                              without the prior written consent of the Redraw
                              Facility Provider (such consent not to be
                              unreasonably withheld or delayed); and

                        (e)   (EVENT OF DEFAULT) notify the Redraw Facility
                              Provider as soon as practicable after becoming
                              aware of an Event of Default or a Redraw Event of
                              Default.

                  14.2  The Trust Manager undertakes to:

                        (a)   (TAKE ACTIONS) 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
                              and any other arrangements entered by it pursuant
                              to the Transaction Documents to which it is party;

                        (b)   (AUTHORISATIONS) ensure that each Authorisation
                              required for it to act as manager of the Trust and
                              for the business of the Trust to be conducted as
                              now conducted or as contemplated by the
                              Transaction Documents, is obtained and promptly
                              renewed and maintained in full force and effect;

                        (c)   (EVENT OF DEFAULT) notify the Redraw Facility
                              Provider as soon as practicable after becoming
                              aware of an Event of Default or a Redraw Event of
                              Default;

                        (d)   (ACT AS MANAGER) act continuously as manager of
                              the Trust in accordance with the Master Trust Deed
                              and the Supplemental Deed until the Trust is
                              terminated or until it has retired or been removed
                              in accordance with the Master Trust Deed; and

                        (e)   (NOT AMEND) not consent to amend or revoke the
                              provisions of the Master Trust Deed (insofar as it
                              affects the Trust) or the Supplemental Deed
                              without the prior written consent of the Redraw
                              Facility Provider (such consent not to be
                              unreasonably withheld or delayed).

15    REDRAW EVENTS OF DEFAULT
================================================================================
REDRAW EVENTS OF DEFAULT

                  15.1  A Redraw Event of Default occurs if:

                        (a)   (FAILURE TO PAY) the Trustee fails to pay any
                              amount owing under this agreement where funds are
                              available for that

<PAGE>
                                                                              16
--------------------------------------------------------------------------------
                              purpose under the Supplemental Deed in the manner
                              contemplated by this agreement, within 10
                              Business Days of the due date for payment of such
                              amount;

                        (b)   (BREACH OF UNDERTAKING) the Trustee alters the
                              priority of payments under the Transaction
                              Documents without the consent of the Redraw
                              Facility Provider or breaches any of its
                              undertakings under the Transaction Documents which
                              affect its ability to perform its obligations
                              thereunder and that breach has a Material Adverse
                              Effect in respect of the Redraw Facility Provider;

                        (c)   (EVENT OF DEFAULT) an Event of Default occurs in
                              respect of the Trust and the Security Trustee
                              (acting on the instructions of the Secured
                              Creditors) appoints a Receiver to the Assets of
                              the Trust or is directed to sell or otherwise
                              realise the Assets of the Trust in accordance with
                              the Global Master Security Trust Deed and the Deed
                              of Charge; or

                        (d)   (INSOLVENCY EVENT) an Insolvency Event occurs in
                              respect of the Trustee in its capacity as trustee
                              of the Trust and the Trustee is not replaced (by
                              either the Trust Manager or a replacement trustee)
                              in accordance with the Master Trust Deed within 30
                              days of such Insolvency Event.

CONSEQUENCES

                  15.2  If a Redraw Event of Default occurs, then the Redraw
                        Facility Provider may:

                        (a)   declare at any time that the Redraw Principal
                              Outstanding, interest on the Redraw Principal
                              Outstanding, and all other amounts actually or
                              contingently payable under this agreement are
                              immediately due and payable; and/or

                        (b)   terminate the Redraw Facility Provider's
                              obligations in respect of the Redraw Facility.

                        The Redraw Facility Provider may do either or both of
                        these things with immediate effect.

16    NOTICES
================================================================================
NOTICE

                  16.1  A notice, approval, consent or other communication in
                        connection with this agreement:

                        (a)   may be given by an Authorised Officer of the
                              relevant party;

                        (b)   must be in writing; and

                        (c)   must be left at the address of the addressee or
                              sent by prepaid ordinary post to the address of
                              the addressee or sent by facsimile to the
                              facsimile number of the addressee specified

<PAGE>
                                                                              17
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                              below (or as are notified by a party to each
                              other party on or after the date of execution of
                              this agreement):

                              TRUSTEE:

                              Address:           Level 3
                                                 39 Hunter Street
                                                 Sydney  NSW  2000
                              Facsimile:         (61 2) 9221 7870
                              Attention:         Manager, Securitisation

                              TRUST MANAGER:

                              Address:           Level 6, 530 Collins Street
                                                 Melbourne  VIC  3000
                              Facsimile:         (61 3) 9273 3539
                              Attention:         Manager, Primary Markets Group

                              REDRAW FACILITY PROVIDER:

                              Address:           Level 6, 530 Collins Street
                                                 Melbourne  VIC  3000
                              Facsimile:         (61 3) 9273 3539
                              Attention:         Manager, Primary Markets Group

WHEN EFFECTIVE

                  16.2  Unless a later time is specified in it, a notice,
                        approval, consent or other communication takes effect
                        from the time it is received.

SECURED RECEIPT

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

                        (a)   where delivered in person, upon receipt;

                        (b)   where sent by post, on the third (or seventh, if
                              outside Australia) day after posting; and

                        (c)   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 4.00pm local time 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.

17    SECURITY INTERESTS AND ASSIGNMENT
================================================================================
                        Other than as contemplated by the Transaction Documents,
                        the Trustee may not, without the consent of the Redraw
                        Facility Provider, create or allow to exist a Security
                        Interest over, or an interest in, this agreement or
                        assign or otherwise dispose of or deal with its rights
                        under this

<PAGE>
                                                                              18
--------------------------------------------------------------------------------
                        agreement. The Redraw Facility Provider at any time may
                        do any of those things.

18    MISCELLANEOUS
================================================================================
CERTIFICATE

                  18.1  A certificate signed by the Redraw Facility Provider
                        about a matter (including, without limitation, the
                        Redraw Interest Rate in respect of a Redraw Drawing) or
                        about a sum payable to the Redraw Facility Provider in
                        connection with this agreement is sufficient evidence of
                        the matter or sum stated in the certificate unless the
                        matter or sum is proved to be false.

EXERCISE OF RIGHTS

                  18.2  A party may exercise a right, power or remedy at its
                        discretion, and separately or concurrently with another
                        right, power or remedy. A single or partial exercise of
                        a right, power or remedy by the party does not prevent a
                        further exercise of that or an exercise of any other
                        right, power or remedy. Failure by the party to exercise
                        or delay in exercising a right, power or remedy does not
                        prevent its exercise. The party is not liable for any
                        loss caused by the exercise or attempted exercise of,
                        failure to exercise, or delay in exercising, the right,
                        power or remedy.

WAIVER AND VARIATION

                  18.3  A provision of, or a right created under, this agreement
                        may not be waived or varied except in writing signed by
                        the party or parties to be bound.

SUPERVENING LEGISLATION

                  18.4  Any present or future legislation which operates to vary
                        the obligations of the Trustee in connection with this
                        agreement with the result that the Redraw Facility
                        Provider's rights, powers or remedies are adversely
                        affected (including, without limitation, by way of delay
                        or postponement) is excluded except to the extent that
                        its exclusion is prohibited or rendered ineffective by
                        law.

APPROVALS AND CONSENT

                  18.5  The Redraw Facility Provider may give (conditionally or
                        unconditionally) or withhold its approval or consent in
                        its absolute discretion unless this agreement expressly
                        provides otherwise.

REMEDIES CUMULATIVE

                  18.6  The rights, powers and remedies provided in this
                        agreement are cumulative with, and not exclusive of, the
                        rights, powers or remedies provided by law independently
                        of this agreement.

INDEMNITIES

                  18.7  Each indemnity in this agreement is a continuing
                        obligation, separate and independent from the other
                        obligations of the Trustee and survives termination of
                        this agreement. It is not necessary for the Redraw
                        Facility Provider to incur expense or make payment
                        before enforcing a right of indemnity conferred by this
                        agreement.

<PAGE>
                                                                              19
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TIME OF THE ESSENCE

                  18.8  Time is of the essence of this agreement in respect of
                        an obligation of the Trustee to pay money.

FURTHER ASSURANCES

                  18.9  At the Redraw Facility Provider's request the Trustee
                        must, at the expense of the Trust:

                        (a)   execute and use its best endeavours to cause its
                              successors to execute documents and do everything
                              else necessary or appropriate to bind the Trustee
                              and its successors under this agreement; and

                        (b)   use its best endeavours to cause relevant third
                              parties to do likewise to bind every person
                              intended to be bound under this agreement.

19    LIABILITY OF TRUSTEE AND LIMITED RECOURSE
================================================================================
                  19.1  The Trustee enters into this agreement only in its
                        capacity as trustee of the Trust and in no other
                        capacity. A liability incurred by the Trustee acting in
                        its capacity as trustee of the 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 Assets of the 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
                        (other than clause 19.3) 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.

CLAIMS AGAINST TRUSTEE

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

EXCLUSIONS

                  19.3  The provisions of this clause 19 limiting the Trustee's
                        liability will not apply to any obligation or liability
                        of the Trustee to the extent that it is not satisfied
                        because under this agreement or any other Transaction
                        Document in relation to the Trust or by operation of law
                        there is a reduction in the extent of the Trustee's
                        indemnification out of the Assets of the Trust as a
                        result of the Trustee's fraud, gross negligence or
                        wilful default.

ACTS OR OMISSIONS

                  19.4  It is acknowledged that the Relevant Parties are
                        responsible under this agreement and the other
                        Transaction Documents in relation to the Trust for
                        performing a variety of obligations relating to the
                        Trust. No act or omission of the Trustee (including any
                        related failure to satisfy its obligations or breach of
                        representation and warranty under this

<PAGE>
                                                                              20
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                        agreement) will be considered fraud, gross negligence or
                        wilful default for the purpose of clause 19.3 if and to
                        the extent the act or omission was caused or contributed
                        to by any failure by the Relevant Parties 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 relating
                        to the Trust or by any other act or omission of the
                        Relevant Parties or any other such person regardless of
                        whether or not the act or omission is purported to be
                        done on behalf of the Trustee.

                  19.5  No attorney, agent, receiver or receiver and manager
                        appointed in accordance with this agreement or any other
                        Transaction Document has authority to act on behalf of
                        the Trustee in a way that exposes the Trustee to any
                        personal liability, and no act or omission of any such
                        person will be considered fraud, gross negligence or
                        wilful default of the Trustee for the purpose of clause
                        19.3.

                  19.6  The Trustee is not obliged to do anything or refrain
                        from doing anything under or in connection with this
                        agreement (including incur a liability) unless the
                        Trustee's liability is limited in the same manner as set
                        out in this clause.

20    GOVERNING LAW, JURISDICTION AND SERVICE OF PROCESS
================================================================================
GOVERNING LAW

                  20.1  This agreement is governed by the law in force in New
                        South Wales.

SUBMISSION TO JURISDICTION

                  20.2  Each party irrevocably and unconditionally submits to
                        the non-exclusive jurisdiction of the courts of New
                        South Wales and courts of appeal from them. Each party
                        waives any right it has to object to an action being
                        brought in those courts including, without limitation,
                        by claiming that the action has been brought in an
                        inconvenient forum or that those courts do not have
                        jurisdiction.

ADDRESS FOR SERVICE

                  20.3  Without preventing any other mode of service, any
                        document in an action (including, without limitation,
                        any writ of summons or other originating process or any
                        third or other party notice) may be served on any party
                        by being delivered to or left for that party at its
                        address for service of notices under clause 16.

21    COUNTERPARTS
================================================================================
                        This agreement may consist of a number of counterparts
                        and the counterparts taken together constitute one and
                        the same instrument.

22    COSTS, CHARGES, EXPENSES AND INDEMNITIES
================================================================================

                  22.1  The Trustee will indemnify the Redraw Facility Provider
                        on each Payment Date following a demand from the Redraw
                        Facility Provider for:

<PAGE>
                                                                              21
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                        (a)   the costs, charges and expenses of the Redraw
                              Facility Provider in connection with any consent,
                              approval, exercise or non-exercise of rights
                              (including, without limitation, in connection with
                              the contemplated or actual enforcement or
                              preservation of any rights under any Transaction
                              Document), waiver, variation, release or discharge
                              in relation to any Transaction Document;

                        (b)   Taxes (excluding any Taxes on the overall net
                              income of the Redraw Facility Provider) and fees
                              (including, without limitation, registration fees)
                              and fines and penalties in respect of these
                              (except where any such amount is incurred as a
                              result of an act or omission of the Redraw
                              Facility Provider), which may be payable or
                              determined to be payable in connection with any
                              Transaction Document or a payment or receipt or
                              any other transaction contemplated by any
                              Transaction Document; and

                        (c)   costs, charges and expenses of the Redraw Facility
                              Provider in connection with any enquiry by any
                              authority involving the Trustee, any Secured
                              Creditor or any of their Related Entities.

                  22.2  The Trustee will indemnify the Redraw Facility Provider
                        against any liability or loss arising from, and any
                        costs, charges and expenses incurred in connection with:

                        (a)   an Event of Default in respect of the Trust or any
                              Redraw Event of Default;

                        (b)   a proposed Redraw Drawing not being applied in
                              accordance with the relevant Drawdown Notice for
                              any reason;

                        (c)   any payment required to be made under any
                              Transaction Document not being made on its due
                              date in accordance with that document;

                        (d)   the Redraw Facility Provider acting in connection
                              with a Transaction Document in good faith on
                              facsimile or telephone instructions purporting to
                              originate from the offices of the Trustee
                              including, without limitation, liability, loss,
                              costs, charges or expenses on account of funds
                              borrowed, contracted for or used to fund any
                              amount payable under the Transaction Document and
                              including, in each case (but without limitation),
                              legal costs and expenses on a full indemnity basis
                              or solicitor and own client basis, whichever is
                              the higher; or

                        (e)   a breach by the Trustee of any representation and
                              warranty contained in clause 13.1 of this
                              agreement or of any of its obligations under this
                              agreement.

                  22.3  The Trustee agrees to pay to the Redraw Facility
                        Provider an amount equal to any liability, loss, cost,
                        charge or expense of the kind referred to in clause 22.2
                        suffered or incurred by any employee, officer, agent or
                        contractor of the Redraw Facility Provider.

<PAGE>
                                                                              22
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                  22.4  The obligation of the Trustee under this clause shall:

                        (a)   be payable solely to the extent that funds are
                              available for that purpose under the Supplemental
                              Deed; and

                        (b)   survive any termination of this agreement.

                  22.5  The indemnities in clauses 22.1, 22.2 and 22.3 do not
                        extend to any liability, loss, cost, charge or expense
                        that is finally and judicially determined to result from
                        any negligence, wilful default or breach of law by the
                        Redraw Facility Provider.

                  22.6  If the Redraw Facility Provider receives written notice
                        of any act, matter or thing which may give rise to a
                        liability, loss, cost, charge or expense in relation to
                        which the Trustee would be required to indemnify it
                        under clauses 22.1, 22.2 or 22.3, the Redraw Facility
                        Provider will notify the Trustee of that act, matter or
                        thing giving such details as it is practicable to give
                        as soon as it is reasonably practicable and in any event
                        within 5 Business Days of it coming to its attention,
                        provided that failure to do so will not result in any
                        loss or reduction in the indemnity contained in clauses
                        22.1, 22.2 or 22.3 unless the Trustee has been
                        prejudiced in any material respect by such failure.

23    REDRAW FACILITY PROVIDER TERMINATION DATE
================================================================================
                  23.1  Subject to clause 23.2, the Trust Manager may by giving
                        not less than 5 Business Days notice to the Redraw
                        Facility Provider and the Trustee, declare a Payment
                        Date as the date upon which:

                        (a)   the Redraw Facility Provider will be replaced by a
                              substitute Redraw Facility Provider; and

                        (b)   the Redraw Facility will terminate.

                  23.2  On or before the declaration of the Payment Date by the
                        Trust Manager in accordance with clause 23.1, the Trust
                        Manager must obtain written confirmation from the
                        Designated Rating Agencies that the termination of the
                        Redraw Facility and the appointment of the proposed
                        substitute Redraw Facility Provider on that Payment Date
                        will not result in an Adverse Rating Effect.

                  23.3  The Redraw Facility Provider Termination Date will be
                        the later of:

                        (a)   the Payment Date declared in accordance with
                              clause 23.1; and

                        (b)   the date upon which the Trustee has paid or repaid
                              to the Redraw Facility Provider all Redraw
                              Drawings outstanding on the Payment Date declared
                              in accordance with clause 23.1 together with all
                              accrued but unpaid interest and all other money
                              outstanding under this agreement.

                              EXECUTED as an agreement.

<PAGE>
                                                                              23
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SCHEDULE 1              DRAWDOWN NOTICE (CLAUSE 4)
================================================================================
                        To:   Australia and New Zealand Banking Group Limited

                        [DATE]

                        Dear Sirs/Madams

                        REDRAW FACILITY AGREEMENT BETWEEN PERPETUAL TRUSTEE
                        COMPANY LIMITED, ANZ CAPEL COURT LIMITED AND AUSTRALIA
                        AND NEW ZEALAND BANKING GROUP LIMITED DATED [#]
                        ("REDRAW FACILITY AGREEMENT")

                        The Trustee gives notice under clause 4.1 of the Redraw
                        Facility Agreement that it wants to use the Redraw
                        Facility granted in respect of the Kingfisher Trust
                        2001-1G ("TRUST").

                        The particulars of the Redraw Drawing required to be
                        given under clause 4.3 of the Redraw Facility Agreement
                        are as follows:

                        (a)   the proposed Drawdown Date is [    ];

                        (b)   the Redraw Drawing is to be made in respect of the
                              Trust;

                        (c)   the amount of the proposed Redraw Drawing is
                              $[ ] and its method of calculation is as follows:

                              [                  ]; and

                        (d)   the proposed Redraw Drawing is to be paid into the
                              Collection Account.

                        A term which has a defined meaning in (or is
                        incorporated in) the Redraw Facility Agreement has the
                        same meaning as in the Redraw Facility Agreement when
                        used in this Drawdown Notice.

                        Yours faithfully

                        ..................................
                        [name of person]
                        being an Authorised Officer of
                        PERPETUAL TRUSTEE COMPANY LIMITED

<PAGE>
                                                                              24
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EXECUTION PAGE
================================================================================
<TABLE>
<S>                                                           <C>
SIGNED by                                            )
as attorney for PERPETUAL TRUSTEE COMPANY LIMITED    )
under power of attorney dated                        )
                                                     )
in the presence of:                                  )
                                                     )
 ................................................     )
Signature of witness                                 )
                                                     )
 ................................................     )
Name of witness (block letters)                      )
                                                     )
 ................................................     )
Address of witness                                   )         ................................................
                                                     )         By executing this agreement the attorney states
 ..........................................           )         that the attorney has received no notice of
Occupation of witness                                )         revocation of the power of attorney
                                                     )

SIGNED by                                            )
on behalf of ANZ CAPEL COURT LIMITED in the          )
presence of:                                         )
                                                     )
 ................................................     )
Signature of witness                                 )
                                                     )
 ................................................     )
Name of witness (block letters)                      )
                                                     )
 ................................................     )
Address of witness                                   )
                                                     )         ................................................
 ..........................................           )         By executing this agreement the signatory
Occupation of witness                                )         states that the signatory has received no
                                                     )         notice of revocation of the authority under
                                                     )         which this agreement is executed
</TABLE>

<PAGE>
                                                                              25
--------------------------------------------------------------------------------
<TABLE>
<S>                                                           <C>
SIGNED by                                            )
as attorney for AUSTRALIA AND NEW ZEALAND BANKING    )
GROUP LIMITED under power of attorney dated          )
                                                     )
in the presence of:                                  )
                                                     )
 ................................................     )
Signature of witness                                 )
                                                     )
 ................................................     )
Name of witness (block letters)                      )
                                                     )
 ................................................     )
Address of witness                                   )         ................................................
                                                     )         By executing this agreement the attorney states
 ..........................................           )         that the attorney has received no notice of
Occupation of witness                                )         revocation of the power of attorney
                                                     )
</TABLE><PAGE>
                                                                    Exhibit 10.4

                                     ISDA(R)

            INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.

                                    SCHEDULE

                                     TO THE

                                MASTER AGREEMENT

                             DATED AS OF 17 MAY 2001

                                     BETWEEN

               AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

                              (ABN 11 005 357 522)

                                   ("PARTY A")

                                       AND

                        PERPETUAL TRUSTEE COMPANY LIMITED
        (ABN 42 000 001 007) AS TRUSTEE FOR THE KINGFISHER TRUST 2001-1G

                                   ("PARTY B")

                                       AND

                             ANZ CAPEL COURT LIMITED

                              (ABN 30 004 768 807)

                                ("TRUST MANAGER")

PART 1.  TERMINATION PROVISIONS1

In this Agreement:

(a)    "SPECIFIED ENTITY" in relation to:

       (i)   Party A, is not applicable; and

       (ii)  Party B, is not applicable.

(b)    "SPECIFIED TRANSACTION" will have the meaning specified in Section 14 of
       this Agreement.

(c)    The "AUTOMATIC EARLY TERMINATION" provision of Section 6(a) will not
       apply to Party A and will not apply to Party B.

(d)    PAYMENTS ON EARLY TERMINATION.  For the purpose of Section 6(e) of
       this Agreement:

       (i)   A.   in respect of the Basis Swap, Loss will apply;

             B.    in respect of the Fixed Swap, Market Quotation will apply;

             The "Advance Refund Amount" (as defined in Section 6(e)(vi)) will
             be deemed to be an "Unpaid Amount" due to "S" (as defined in
             Section 6(e)(vi)) for purposes

--------
1   Parts 1-5 are subject to Part 6:  Securitisation Provisions.

<PAGE>
                                       2

            of Section 6(e) and if Loss is the applicable payment measure for
            purposes of Section 6(e), then this Unpaid Amount will be taken into
            account;

       (ii)  The Second Method will apply;

      (iii) the definition of "Loss" in Section 14 of this Agreement is amended
            by adding the following sentence at the end of that definition:

            "However, in relation to a Terminated Transaction that is a Basis
            Swap, each party's Loss is deemed to be zero."

(e)    "TERMINATION CURRENCY" will be Australian dollars.

(f)    ADDITIONAL TERMINATION EVENT.  Not Applicable.

PART 2.  TAX REPRESENTATIONS

(a)    PAYER REPRESENTATIONS.  For the purpose of Section 3(e) of this
       Agreement, Party A will make the following representation and Party B
       will make the following representation:

       It is not required by any applicable law, as modified by the practice of
       any relevant governmental revenue authority, of any Relevant Jurisdiction
       to make any deduction or withholding for or on account of any Tax from
       any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e) of
       this Agreement) to be made by it to the other party under this Agreement.
       In making this representation, it may rely on:

       (i)   the accuracy of any representations made by the other party
             pursuant to Section 3(e) or Section 3(f) (as the case may be) of
             this Agreement;

       (ii)  the satisfaction of the agreement contained in Section 4(a)(i) or
             4(a)(iii) of this Agreement and the accuracy and effectiveness of
             any document provided by the other party pursuant to Section
             4(a)(i) or 4(a)(iii) of this Agreement; and

       (iii) the satisfaction of the agreement of the other party contained
             in Section 4(d) of this Agreement,

       provided that it shall not be a breach of this representation where
       reliance is placed on clause (ii) and the other party does not deliver a
       form or document under Section 4(a)(iii) by reason of material prejudice
       to its legal or commercial position.

(b)    PAYEE TAX REPRESENTATION.  For the purpose of Section 3(f) of this
       Agreement, Party A and Party B will make the representation:

       It is an Australian resident and does not derive the payments under this
       Agreement in part or whole carrying on business in a country outside
       Australia at or through a permanent establishment of itself in that
       country.

PART 3.  AGREEMENT TO DELIVER DOCUMENTS

For the purpose of Sections 4(a)(i) and (ii) of this Agreement, each party
agrees to deliver the following documents, as applicable:

<PAGE>
                                       3

(a)    TAX FORMS, DOCUMENTS OR CERTIFICATES TO BE DELIVERED ARE:

                                                                 COVERED BY
PARTY REQUIRED TO  FORM/DOCUMENT/            DATE BY WHICH       SECTION 3(D)
DELIVER DOCUMENT   CERTIFICATE               TO BE DELIVERED     REPRESENTATIONS
Party A and Party  Any document or           On the earlier of   Yes
B                  certificate reasonably    (a) learning that
                   required or reasonably    such document or
                   requested by Party A or   certificate is
                   Party B in connection     required and (b) as
                   with its obligations to   soon as reasonably
                   make a payment under      practicable
                   this Agreement which      following a request
                   would enable that Party   by the other party.
                   to make the payment free
                   from any deduction or
                   withholding for or on
                   account of Tax or as
                   would reduce the rate at
                   which deduction or
                   withholding for or on
                   account of Tax is
                   applied to that payment.

(b)   OTHER DOCUMENTS TO BE DELIVERED ARE:

PARTY REQUIRED TO  FORM/DOCUMENT/            DATE BY WHICH       SECTION 3(D)
DELIVER DOCUMENT   CERTIFICATE               TO BE DELIVERED     REPRESENTATIONS
Party A and Party  A list of authorised      On execution of     Yes
B                  signatories for the       this Agreement
                   party and evidence        or any relevant
                   satisfactory in form and  Confirmation and
                   substance to the other    when the list is
                   party of the authority    updated
                   of the authorised
                   signatories of the party
                   to execute this
                   Agreement and any
                   Confirmation on behalf
                   of the party.

Party A and Party  A legal opinion as to the   At any time prior  Yes
B                  validity and                to the first Issue
                   enforceability of that      Date.
                   party's obligations under
                   this Agreement in form
                   and substance (and issued by
                   legal counsel) reasonably
                   acceptable to each other party.

The Trust Manager  A copy (certified by an      Not less than 5   Yes
                   Authorised Officer of the    Business Days
                   Trust Manager to be a true   (or such lesser
                   and complete copy) to        period as Party
                   Party A of the Credit        A agrees to)
                   Support Document specified   before the Trade
                   in respect of Party B and    Date of the first
                   (without limiting any        occurring Transaction
                                                and in the case of
                                                any amending
<PAGE>
                                       4

                   obligation Party B may     documents entered
                   have under the terms of    into subsequent to
                   that Credit Support        that date, promptly
                   Document to notify Party   after each amending
                   A of amendments) a copy    document (if any) has
                  (certified by an            been entered into.
                   Authorised Officer of
                   the Trust Manager to be
                   a true and complete
                   copy) of any document
                   that amends in any way
                   the terms of that
                   Credit Support Document.

PART 4.  MISCELLANEOUS

(a)    ADDRESSES FOR NOTICES.  For the purpose of Section 12(a) of this
       Agreement:

       ADDRESS FOR NOTICES OR COMMUNICATIONS TO PARTY A:

       ADDRESS:    Level 6, 530 Collins Street, Melbourne, Victoria 3000

       ATTENTION: Primary Markets Group

       TELEX NO:  Not applicable                ANSWERBACK: Not applicable

       FACSIMILE NO:    (03) 9273 3539     TELEPHONE NO:     (02) 9273 3538

       ELECTRONIC MESSAGING SYSTEM DETAILS:           Not applicable

       ADDRESS FOR NOTICES OR COMMUNICATIONS TO PARTY B:

       ADDRESS:   Level 3, 39 Hunter Street, Sydney, NSW 2000

       ATTENTION: Manager, Securitisation Services

       TELEX NO:  Not applicable                ANSWERBACK: Not applicable

       FACSIMILE NO:    (02) 9221 7870     TELEPHONE NO:     (02) 9229 9177

       ELECTRONIC MESSAGING SYSTEM DETAILS:           Not applicable

       All notices or communications to Party B to be copied to the Trust
      Manager at the address below

       ADDRESS FOR NOTICES OR COMMUNICATIONS TO THE TRUST MANAGER:

       ADDRESS:   Level 16, 530 Collins Street, Melbourne, Victoria 3000

       ATTENTION: Manager, Primary Markets Group

       TELEX NO:  Not applicable                ANSWERBACK: Not Applicable

       FACSIMILE NO:    (03) 9273 3539        TELEPHONE NO:     (03) 9273 2670

       ELECTRONIC MESSAGING SYSTEM DETAILS:           Not Applicable

<PAGE>
                                       5

(b)    PROCESS AGENT.  For the purpose of Section 13(c) of this Agreement:

       (i)   Party A appoints as its Process Agent:  Not applicable.

       (ii)  Party B appoints as its Process Agent:  Not applicable.

(c)    OFFICES.  The provisions of Section 10(a) will not apply to this
       Agreement.

(d)    MULTIBRANCH PARTY.  For the purpose of Section 10(c) of this Agreement:

       Neither Party A nor Party B is a Multibranch Party.

(e)    CALCULATION AGENT.  The Calculation Agent is the Trust Manager, unless
       otherwise specified in a Confirmation in relation to the relevant
       Transaction.

(f)    CREDIT SUPPORT DOCUMENT.  Details of any Credit Support Document:

       (i)   in relation to Party A: Not applicable.

       (ii)  in relation to Party B:  the Global Master Security Trust Deed
             and the Deed of Charge.

(g)    CREDIT SUPPORT PROVIDER.  Credit Support Provider means in relation to
       Party A and Party B:  Not applicable.

(h)    GOVERNING LAW. This Agreement will be governed by and construed in
       accordance with the laws in force in New South Wales and each party
       submits to the non-exclusive jurisdiction of the courts of New South
       Wales.

(i)    NETTING OF PAYMENTS.  Subparagraph (ii) of Section 2(c) of this
       Agreement will not apply to any Transactions.

(j)    "AFFILIATE" will have the meaning specified in Section 14 of this
       Agreement.

PART 5.  OTHER PROVISIONS

(1)    PAYMENTS:  In Section 2:

       (a)   In Section 2(a)(i) add the following sentence:

             "Each payment will be by way of exchange for the corresponding
             payment or payments payable by the other party."

       (b)   In Section 2(a)(ii), the first sentence is deleted and replaced
             with the following sentence:

             "Unless specified otherwise in this Agreement, payments under this
             Agreement will be made by 5.00pm (Melbourne time) on the due date
             for value on that date in the place of the account specified in the
             relevant Confirmation or otherwise pursuant to this Agreement, in
             freely transferable funds, free of any set-off, counterclaim,
             deduction or withholding (except as expressly provided in this
             Agreement) and in the manner customary for payment in the required
             currency."

<PAGE>
                                       6

       (c)   Insert new paragraph (iv) in Section 2(a) immediately after Section
             2(a)(iii) as follows:

             "(iv) The condition precedent in Section 2(a)(iii)(1) does not
                   apply to a payment due to be made by a party if it has
                   satisfied all its payment obligations under Section 2(a)(i)
                   of this Agreement and has no future payment obligations,
                   whether absolute or contingent, under Section 2(a)(i)."

       (d)   Add the following new sentence to Section 2(b):

            "Each new account so designated shall be in the same tax
             jurisdiction as the original account."

       (e)  Insert the following new Section 2(f):

             "(f)  If on a Payment Date an amount would otherwise be payable by
                   Party A pursuant to Section 2(c) in respect of the Basis
                   Swap, then such amount will be satisfied in part or in whole,
                   as the case may be, to the extent of the then Prepayment
                   Adjusted Amount (if any)."

(2)    REPRESENTATIONS:  In Section 3:

       (a)   Section 3(a)(v) is amended by inserting immediately after the words
             "creditors' rights generally" the following:

             "(including, in the case of a party being a bank authorised to
             carry on banking business in the Commonwealth of Australia, section
             16 of the Banking Act 1959 (Cth) and section 86 of the Reserve Bank
             Act 1959 (Cth)),"

       (b)  Insert new paragraphs (g) and (h) in Section 3 immediately after
       Section 3(f):

             "(g)  RELATIONSHIP BETWEEN PARTIES. Each party will be deemed to
                   represent to each other party on the date on which it enters
                   into a Transaction that (absent a written agreement between
                   the parties that expressly imposes affirmative obligations to
                   the contrary for that Transaction):

                   (i)   NON-RELIANCE.  It is acting for its own account or,
                         in the case of Party B, as trustee of the Trust,
                         and it has made its own independent decisions to
                         enter into that Transaction or, in the case of
                         Party B, has been directed to do so by the Trust
                         Manager and as to whether that Transaction is
                         appropriate or proper for it based upon its own
                         judgement and upon advice from such advisers as it
                         has deemed necessary or, in the case of Party B, at
                         the direction of the Trust Manager.  It is not
                         relying on any communication (written or oral) of
                         the other party

<PAGE>
                                       7

                         as investment advice or as a recommendation to enter
                         into that Transaction; it being understood that
                         information and explanations related to the terms and
                         conditions of a Transaction will not be considered
                         investment advice or a recommendation to enter into
                         that Transaction. No communication (written or oral)
                         received from the other party will be deemed to be an
                         assurance or guarantee as to the expected results of
                         that Transaction.

                   (ii)  EVALUATION AND UNDERSTANDING. It is capable of
                         evaluating and understanding (on its own behalf or
                         through independent professional advice), and
                         understands and accepts, the terms, conditions and
                         risks of that Transaction. It is also capable of
                         assuming, and assumes, the risks of that Transaction.

                   (iii) STATUS OF PARTIES.  No other party is acting as a
                         fiduciary or an adviser to it in respect of that
                         Transaction.

             (h)   TRUST.  By Party B, in respect of Party B only:

                   (i)   TRUST VALIDLY CREATED.  The Trust has been validly
                         created and is in existence at the date of this
                         Agreement.

                   (ii)  SOLE TRUSTEE.  It has been validly appointed as
                         trustee of the Trust and is presently the sole
                         trustee of the Trust.

                   (iii) NO PROCEEDINGS TO REMOVE.  No notice has been given
                         to it and to its knowledge no resolution has been
                         passed, or direction or notice has been given,
                         removing it as trustee of the Trust.

                   (iv)  POWER. It has power under the Master Trust Deed to
                         enter into this Agreement and the Credit Support
                         Documents in its capacity as trustee of the Trust.

                   (v)   GOOD TITLE.  It is the legal owner of, or has
                         equitable title to, (as applicable), the Assets of
                         the Trust and has power under the Master Trust Deed
                         to mortgage or charge them in the manner provided
                         in the Credit Support Documents in relation to
                         Party B and, subject only to the Credit Support
                         Documents in relation to Party B and any Security
                         Interest permitted under the Credit Support
                         Documents in relation to Party B, those Assets are
                         free of all other Security Interests (except for
                         Party B's right of indemnity out of the Assets of
                         the Trust)."

(3A)   COLLATERALISATION OF PARTY A'S OBLIGATIONS UNDER THE FIXED SWAP (S&P): If
       at any time Party A in respect of the Fixed Swap does not have a
       short-term credit rating from S&P equal to or higher than S&P's
       Prescribed Rating, it must, at its cost alone:

       (a)   immediately seek to enter into, and enter into by no later than 30
             days after Party A ceases to have S&P's Prescribed Rating, an
             agreement to novate all of its rights and obligations under this
             Agreement as Party A to a replacement swap counterparty which does
             have a short term credit rating from S&P equal to or higher than
             S&P's Prescribed Rating; and

       (b)   until the novation to the replacement swap counterparty referred
             to in (a) above is effective:

<PAGE>
                                       8

             (i)   continue to fulfil its obligations as Party A under this
                   Agreement in accordance with the terms of this Agreement;

             (ii)  upon the expiration of 30 days after becoming aware that it
                   does not have a short-term credit rating from S&P equal to or
                   higher than S&P's Prescribed Rating deposit in the Collateral
                   Account an amount equal to the CCA; and

             (iii) on each day which is 30 days after a previous payment of the
                   CCA, ensure that an amount has been deposited into the
                   Collateral Account by Party A equal to the CCA (without
                   duplication of any amount previously paid).

      If Party A is unable to effect a transfer in accordance with paragraph
      (a) above within 30 days, or if Party A so elects, it must enter into such
      other arrangements in respect of the Fixed Swap which are satisfactory to
      the Trust Manager and which each Designated Rating Agency confirms will
      not result in an Adverse Rating Effect.

      Party A may satisfy its obligations following a withdrawal or downgrade
      of a credit rating in any of the above manners as it elects from time to
      time.

      Where Party A transfers its rights and obligations to a replacement swap
      counterparty in accordance with paragraph (a) above, Party B, at the
      direction of the Trust Manager, and each other party to this Agreement
      shall do all things necessary at the cost of Party A to novate the
      relevant rights and obligations to the replacement swap counterparty.

(3B)   COLLATERALISATION OF PARTY A'S OBLIGATIONS UNDER THE FIXED SWAP (OTHER
       RATING AGENCIES)

       (a)   If at any time Party A in respect of the Fixed Swap does not have a
             credit rating equal to or higher than the Prescribed Ratings from
             Moody's or Fitch then on the earlier of:

             (i)   30 days after such downgrade, if and while Party A has a long
                   term credit rating of at least A-2 by Moody's or a short term
                   credit rating of at least F1+ by Fitch; and

             (ii)  otherwise, 5 days after such downgrade,

             Party A must at its cost alone either:

             (A)   put in place an appropriate mark-to-market collateral
                   agreement (consisting of either cash or securities) or
                   which may be based on any agreement reached between the
                   parties, in support of its obligations under the
                   Agreement, PROVIDED that Party A and Party B receive prior
                   written confirmation from each Designated Rating Agency
                   mentioned above that the rating assigned to the Notes then
                   outstanding by each Designated Rating Agency mentioned
                   above is not adversely affected by the downgrade following
                   such collateral arrangements being put in place;
<PAGE>
                                       9

             (B)   novate all its rights and obligations with respect to this
                   Agreement to a replacement counterparty acceptable to the
                   Trust Manager, Party B, Fitch and Moody's on substantially
                   the same terms as this Agreement; or

             (C)   enter into other arrangements satisfactory to Party B and the
                   Trust Manager which Fitch and Moody's confirms will not
                   result in an Adverse Rating Effect.

       (b)   Party A may satisfy its obligations following a withdrawal or
             downgrade of a credit rating in any of the above manners as it
             elects from time to time.

       (c)   Where Party A transfers its rights and obligations to a replacement
             swap counterparty in accordance with paragraph (a)(B) above, Party
             B, at the direction of the Trust Manager, and each other party to
             this Agreement shall do all things necessary at the cost of Party A
             to novate the relevant rights and obligations to the replacement
             swap counterparty.

(3C)   GENERAL COLLATERALISATION PROVISIONS

       (a)   If, at any time, Party A's obligations under this Agreement are
             transferred in accordance with any of Parts 5(3A), (3B), (4), (5)
             or (6), Party A shall be, provided that all costs of the transfer
             have been satisfied by Party A, immediately entitled to any
             collateral which it has provided under any of Parts 5(3A), (3B),
             (4), (5) or (6) (less any amount withdrawn in accordance with
             sub-paragraph (b) below).

       (b)   Party B may only make withdrawals from the Collateral Account if
             directed to do so by the Trust Manager and then only for the
             purpose of:

             (i)   transferring obligations under this Agreement in accordance
                   with any of Parts 5(3A), (3B), (4), (5) or (6) (including the
                   costs of obtaining a replacement counterparty);

             (ii)  refunding to Party A any excess in the amount of any
                   collateral deposited to the Collateral Account over the
                   amount Party A is required to maintain under any of Parts
                   5(3A), (3B), (4), (5) or (6);

             (iii) withdrawing any amount which has been incorrectly
                   deposited into the Collateral Account;

             (iv)  paying any relevant bank charges, financial institutions
                   duty, bank accounts debit tax or other equivalent Taxes
                   payable in respect of the Collateral Account; or

             (v)   funding the amount of any payment due to be made by Party A
                   under this Agreement following the failure by Party A to make
                   that payment.

             The Trust Manager must direct Party B to, and Party B must, refund
             or pay to Party A the amount of any payment which may be made to
             Party A under (ii) or (iii) above as soon as such refund or payment
             is possible.

       (c)   All interest on the Collateral Account will accrue and be payable
             monthly to Party A providing the amount deposited to the Collateral
             Account is not less than the

<PAGE>
                                       10

             amount Party A is required to maintain under the collateral
             agreement contemplated by any of Parts 5(3A), (3B), (4), (5) or
             (6).

(4)    PREPAYMENT OF OBLIGATIONS UNDER BASIS SWAP: If on any Determination Date,
       Party A (in respect of the Basis Swap) does not have a short-term credit
       rating equal to or higher than the Prescribed Rating from any Designated
       Rating Agency and the Variable Rate is less than the Threshold Rate,
       Party A (in respect of the Basis Swap) must do one of the following:

       (a)   (PREPAYMENT): subject to Part 5(5) and Part 5(6) of this Schedule,
             on the relevant Payment Date next following that Determination Date
             (each a "PREPAYMENT DATE"), pay to Party B the Net Prepayment
             Amount (if any) for the Collection Period commencing on that
             Prepayment Date by depositing such Net Prepayment Amount into the
             Collateral Account in cleared funds; or

       (b)   (OTHER ARRANGEMENTS): enter into some other arrangement in respect
             of the Basis Swap which is satisfactory to the Trust Manager and
             Party B and which each Designated Rating Agency confirms will not
             result in an Adverse Rating Effect.

(5)    CONDITIONS FOR MAINTAINING CASH COLLATERAL AND NET PREPAYMENT AMOUNT
       IN COLLATERAL ACCOUNT:

       (a)   (CONDITIONS FOR DEPOSITING):  The Net Prepayment Amount must not
             be deposited into the Collateral Account unless:

             (i)   the Collateral Account is held with an Eligible Bank; or

             (ii)  the Collateral Account is not held with an Eligible Bank and,
                   in each case, a standby guarantee from an Eligible Bank has
                   been entered into to support the obligations of the entity
                   with whom the Collateral Account is held, to repay from, in
                   accordance with normal banking practice, moneys deposited and
                   to be deposited into the Collateral Account.

       (b)   (TRANSFER OF NET PREPAYMENT AMOUNT):

             (i)   (CANNOT BE DEPOSITED):  If on any Prepayment Date an
                   amount cannot be deposited into the Collateral Account
                   pursuant to Part 5(5)(a) of this Schedule, Party B must,
                   at the direction of the Trust Manager, immediately
                   establish a new interest bearing account with an Eligible
                   Bank and deposit the amount of each Net Prepayment Amount
                   into the new account (and, pending the opening of such new
                   account, deposit such amount into the Collections Account).

             (ii)  (CANNOT CONTINUE TO BE DEPOSITED): If any amount has been
                   deposited into the Collateral Account, but Party B becomes
                   aware that such amount cannot continue to be deposited in the
                   Collateral Account pursuant to Part 5(5)(a) of this Schedule,
                   Party B must, at the direction of the Trust Manager:

                   (A)   immediately establish a new interest bearing account
                         with an Eligible Bank and transfer each such amount
                         standing to the credit of the Collateral Account to the
                         new account; and

<PAGE>
                                       11

                   (B)   deposit each such amount it receives pursuant to Part
                         5(4)(a) of this Schedule into such new account.

(6)    ADJUSTMENTS TO PREPAYMENTS UNDER THE BASIS SWAP:

       (a)   (ADJUSTMENTS WHEN THE VARIABLE RATE IS LESS THAN THE THRESHOLD
             RATE): If Party A elects to pay to Party B the Net Prepayment
             Amount on a Prepayment Date pursuant to Part 5(4)(a) and that Net
             Prepayment Amount:

             (i)   exceeds the amount remaining after deducting from the
                   Prepayment Adjusted Amount (if any) for that Prepayment
                   Date, the amount to be satisfied from it on that
                   Prepayment Date pursuant to Section 2(f), then the
                   aggregate amount which Party A is liable to pay to Party B
                   under Part 5(4)(a) is the amount of the excess and such
                   amount will be paid as a prepayment of Party A's
                   obligations under the Basis Swap; or

             (ii)  is less than the amount remaining after deducting from the
                   Prepayment Adjusted Amount for that Prepayment Date, the
                   amount to be satisfied from it on that Prepayment Date
                   pursuant to Section 2(f), then Party B must pay to Party A
                   the amount of the difference from the Collateral Account.

       (b)   (ADJUSTMENTS WHERE THE VARIABLE RATE EQUALS OR EXCEEDS THE
             THRESHOLD RATE):  If, on any Determination Date, Party A has the
             Prescribed Rating from each Designated Rating Agency or the
             Variable Rate equals or exceeds the Threshold Rate, Party B must
             pay to Party A on the next Payment Date the amount remaining
             after deducting from the Prepayment Adjusted Amount (if any) the
             amount to be satisfied from it on that Payment Date pursuant to
             Section 2(f).

       (c)   (PREPAYMENT): A prepayment by Party A under Part 5(4)(a) or Part
             5(6)(a) will constitute a prepayment of Party A's payment
             obligations (to the extent thereof) in respect of the Basis Swap.

       (d)   (PARTY A): All references to Party A in this Part 5(6) are to Party
             A in respect of the Basis Swap.

(7)    SEGREGATION: Where Party A in respect of the Basis Swap is a different
       entity to Party A in respect of the Fixed Swap, the provisions of this
       Agreement shall have effect separately and severally in respect of the
       Basis Swap and the Fixed Swap and shall be enforceable by Party B as
       though a separate agreement applied between Party A and Party B in
       respect of the Basis Swap and the Fixed Swap, so that (among other
       things):

       (a)   representations made and agreements entered into by the parties
             under this Agreement are made and entered into separately and
             severally by Party B in respect of each of the Fixed Swap and the
             Basis Swap and may be enforced by Party B against Party A
             separately and severally in respect of each of the Fixed Swap and
             the Basis Swap;

       (b)   rights of termination, and obligations and entitlements consequent
             upon termination, only accrue to Party A against Party B separately
             and severally in respect of each of the Fixed Swap and the Basis
             Swap, and only accrue to Party B

<PAGE>
                                       12

             against Party A separately and severally in respect of each of the
             Fixed Swap and the Basis Swap;

       (c)   the occurrence of an Event of Default or Termination Event in
             respect of the Fixed Swap does not in itself constitute an Event of
             Default or Termination Event in respect of the Basis Swap; and

       (d)   the occurrence of an Event of Default or Termination Event in
             respect of the Basis Swap does not in itself constitute an Event of
             Default or Termination Event in respect of the Fixed Swap.

(8)    PAYMENT DEFAULT:  In Section 5, delete Section 5(a)(i) and replace it
       with the following:

             "(i)  FAILURE TO PAY. Failure by that party to make, when due, any
                   payment under this Agreement or delivery under Section
                   2(a)(i) or 2(e) required to be made by it if such failure is
                   not remedied on or before the tenth Business Day after notice
                   of such failure is given to the party."

(9)    TERMINATION:  In Section 6(b) add the following sentence at the end of
       the second paragraph of Section 6(b)(ii):

             "However, if Party A is that other party it must, if so requested
             by the Trust Manager, use reasonable efforts to make such a
             transfer to an Affiliate (as that expression is defined in Section
             14) provided each Designated Rating Agency has given prior
             confirmation to Party A that such a transfer will not result in an
             Adverse Rating Effect."

(10)   UNPAID AMOUNTS: After Section 6(e)(ii), a new Section 6(e)(iii) is
       inserted as follows, Section 6(e)(iii) and 6(e)(iv) are renumbered
       accordingly, and all cross references in the Agreement to Sections
       6(e)(iii) and (iv) are renumbered to the extent necessary:

             "(iii)UNPAID AMOUNTS. If the Second Method and Loss apply in
                   respect of a Terminated Transaction, in addition to the
                   amounts (if any) payable under Section 6(e)(i)(4) or Section
                   6(e)(ii), an amount will be payable equal to the sum of the
                   Termination Currency Equivalent of the Unpaid Amounts owing
                   to Party B. If the amount payable is a positive number, Party
                   B will pay that amount to Party A; if it is a negative
                   number, Party A will pay that amount to Party B. For the
                   purposes of this Section 6(e)(iii), the definition of "Unpaid
                   Amounts" in Section 14 will be construed so that references
                   in that definition to "all Terminated Transactions" and "each
                   Termination Transaction" are references only to Terminated
                   Transactions in respect of which the Second Method and Loss
                   apply."

(11)   FACSIMILE TRANSMISSION:  In Section 12:

       (a)   Delete the following words where they appear in lines 2 and 3 of
             Section 12(a):

                   "(except that a notice or other communication under Section 5
                   or Section 6 may not be given by facsimile transmission or
                   electronic messaging system)";

       (b)   Replace Section 12(a)(iii) with:

<PAGE>
                                       13

                  "(iii) if sent by facsimile transmission, on the date a
                         transmission report is produced by the machine from
                         which the facsimile was sent which indicates that the
                         facsimile was sent in its entirety to the facsimile
                         number of the recipient notified for the purpose of
                         this Section unless the recipient notifies the sender
                         within one Business Day of the facsimile being sent
                         that the facsimile was not received in its entirety in
                         legible form;"

       (c)   Insert a new paragraph (vi) in Section 12(a) immediately after
             Section 12(a)(v) as follows:

                   "(vi) if sent by ordinary mail, on the third (seventh, if
                         posted to or from a place outside Australia) day after
                         posting."

(12)   DEFINITIONS

       In this Agreement, unless the contrary intention appears:

       (a)   MASTER DEFINITIONS SCHEDULE AND SUPPLEMENTAL DEED:  unless
             defined in this Agreement words and phrases defined in the
             Master Definitions Schedule and the Supplemental Deed 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 Definitions Schedule or the Supplemental
             Deed (on the other hand), this Agreement prevails.  Where there
             is any inconsistency in a definition between the Master
             Definitions Schedule and the Supplemental Deed, the Supplemental
             Deed prevails over the Master Definitions Schedule in respect of
             the Trust.  Where words or phrases used but not defined in this
             Agreement are defined in the Master Definitions Schedule in
             relation to a Trust (as defined in the Master Definitions
             Schedule) such words or phrases are to be construed in this
             Agreement, where necessary, as being used only in relation to
             the Trust (as defined in the Supplemental Deed);

       (b)   INTERPRETATION:  references to time are references to Melbourne
             time, unless stated otherwise;

       (c)   TRUSTEE CAPACITY:

             (i)   a reference to Party B is a reference to Party B in its
                   capacity as trustee of the Trust only, and in no other
                   capacity; and

             (ii)  a reference to the undertaking, assets, business, money or
                   other thing of or in relation to Party B is a reference to
                   the undertaking, assets, business, money or other thing of or
                   in relation to Party B in the capacity referred to in
                   paragraph (i) only;

       (d)   DEFINITIONS:  in Section 14:

             (i)   replace the definitions of "AFFECTED TRANSACTIONS" and
                   "LOCAL BUSINESS DAY" with the following:

                   ""AFFECTED TRANSACTIONS" means, with respect to a Termination
                   Event, all Transactions."

<PAGE>
                                       14

                   "LOCAL BUSINESS DAY" has the same meaning as "BUSINESS Day"."

             (ii)  insert the following new definitions:

                   "AMOUNTS OUTSTANDING" in relation to a Housing Loan means, at
                   any given time, the amount recorded at that time as the
                   balance of the Housing Loan in the Housing Loan System which
                   balance includes amounts which have been charged to the
                   Housing Loan but excludes amounts which are accrued against
                   the Housing Loan.

                   "BASIS SWAP" means the Transaction entered into between Party
                   A, Party B and the Trust Manager on the terms specified in
                   the form of the Confirmation set out in Annexure 1 (or as
                   otherwise agreed between Party A, Party B and the Trust
                   Manager).

                   "BASIS SWAP AMOUNT" in relation to an Interest Period means
                   an amount calculated in accordance with the following:

                                AOFi
                   BSA=AIAx (1- -----)
                                AOHL
                   Where:

                   BSA = the Basis Swap Amount.

                   AIA    = the aggregate Invested Amount of all Notes
                          outstanding on the first day of such Interest Period.

                   AOHL   = the Amounts Outstanding under all Housing Loans as
                          at the first day of the Collection Period ending
                          immediately preceding the last day of that Interest
                          Period.

                   AOFi   has the meaning given in the definition of "Fixed Swap
                          Amount".

                   "CCA" means, in respect of an entity where the entity does
                   not have a short term credit rating from S&P equal to or
                   higher than S&P's Prescribed Rating in respect of the Fixed
                   Swap, an amount at least equal to the greater of:

                   (i)    zero;

                   (ii)   CR;

                   (iii)  1% of the Fixed Swap Amount; or

                   (iv)   the net amount (if any) as determined by the Trust
                          Manager that is expected to be due by Party A to
                          Party B in respect of the Fixed Swap on the
                          immediately following Payment Date (calculated on
                          the basis that there will be no prepayments made
                          by the Mortgagors under the Housing Loans
                          (excluding the Housing Loans being charged a
                          Variable Rate) and no conversion of the interest
                          rate payable under any Housing Loan

<PAGE>
                                       15

                          from a fixed rate to a variable rate or from a
                          variable rate to a fixed rate during the relevant
                          Collection Period).

                   Where:

                   CR =   MTM + VB

                   MTM =  the aggregate mark-to-market value (whether positive
                          or negative) of each Transaction in respect of the
                          Fixed Swap determined in accordance with the following
                          paragraph no earlier than 3 Business Days prior to the
                          date that the CCA is deposited in the Collateral
                          Account.

                   Party A must calculate the mark-to-market value of each
                   Transaction in respect of the Fixed Swap by obtaining 2 bids
                   from counterparties willing to provide each Transaction in
                   the absence of Party A with ratings acceptable to S&P. The
                   mark-to-market value may be a positive or a negative amount.
                   A bid has a negative value if the payment to be made is from
                   the counterparty to Party A and has a positive value if the
                   payment to be made is from Party A to the counterparty. The
                   mark-to-market value is the higher of the bids (on the basis
                   that any bid of a positive value is higher than any bid of a
                   negative value).

                   VB =   the volatility buffer, being the value calculated by
                          multiplying the Fixed Swap Amount as at the most
                          recent Determination Date by the relevant percentage
                          obtained from the following table:

<PAGE>
                                       16

                  ------------------------------------------------------------
                  Where the period       Where the period     Where the period
                  between the date of    between the date of  between the date
                  calculation and        calculation and      of calculation
                  the weighted average   the weighted         and the weighted
                  of the maturity dates  average of the       average of the
                  of the then fixed      maturity dates of    maturity dates of
                  rate periods in        the then fixed       the then fixed
                  respect of the         rate periods in      rate periods in
                  Housing Loans          respect of the       respect of the
                  which are charged      Housing Loans which  Housing Loans
                  a fixed rate of        which are charged    which are charged
                  interest at the        a fixed rate of      a fixed rate of
                  beginning or end or    interest is greater  interest is
                  at that time is        than 5 years and     greater than 10
                  less than or           less than or         years
                  equal to 5 years       equal to 10 years

                  ------------------------------------------------------------
                          1.5                3.15                  6
                  ------------------------------------------------------------

                   "COLLATERAL ACCOUNT" means any account into which collateral
                   is provided by Party A in accordance with this Agreement.

                   "FIXED RATE FINANCE CHARGES" means, in relation to an
                   Interest Period, the aggregate Finance Charge Collections for
                   the Collection Period ending immediately prior to the last
                   date of the Interest Period for each Receivable charged a
                   fixed rate of interest for the duration of that Collection
                   Period (or for any Receivable charged a fixed rate of
                   interest for part of that Collection Period, the Finance
                   Charge Collections for the Receivable relating to that
                   shorter period).

                   "FIXED SWAP" means the Transaction entered into pursuant to
                   the terms of this Agreement between Party A, Party B and the
                   Trust Manager on the terms specified in the form of the
                   Confirmation set out in Annexure 2 (or as otherwise agreed
                   between Party A, Party B and the Trust Manager).

                   "FIXED SWAP AMOUNT" means, in relation to an Interest Period,
                   an amount calculated in accordance with the following:

                         FSA = AIA xAOFi
                                  -------
                                    AOHL

                   Where:

                   FSA  = the Fixed Swap Amount.

                   AIA  = the aggregate Invested Amount of all Notes
                          outstanding on the first day of such Interest Period.

                   AOHL = has the meaning given in the definition of "Basis
                          Swap Amount".

<PAGE>
                                       17

                   AOHL1 = the Amounts Outstanding under all Housing Loans as at
                           the first day of the Collection Period ending
                           immediately preceding the last day of that Interest
                           Period.

                   AOHL2 = the Amounts Outstanding under all Housing Loans as
                           at the last day of the Collection Period ending
                           immediately preceding the last day of that Interest
                           Period.

                                                           AOFi1
                          AOFi = AOFi2 + (AOHL1 - AOHL2) x ______
                                                           AOHL1

                   AOFi1 = the Amount Outstanding under all Housing Loans
                           (excluding Housing Loans being charged a floating
                           rate of interest on such day) as at the first day
                           of the Collection Period ending immediately preceding
                           the last day of that Interest Period.

                   AOFi2 = the Amount Outstanding under all Housing Loans
                           (excluding Housing Loans being charged a floating
                           rate of interest on such day) as at the last day of
                           the Collection Period ending immediately preceding
                           the last day of that Interest Period.

                   "HOUSING LOAN SYSTEM" means the electronic and manual
                   reporting database and record keeping system used by the
                   Servicer to monitor housing loans, as updated and amended
                   from time to time.

                   "MASTER DEFINITIONS SCHEDULE" means the deed entitled
                   "Kingfisher Master Trusts Master Definitions Schedule" dated
                   1 August 2000 between the Trust Manager, Party B and P.T.
                   Limited as amended by the deed entitled "Kingfisher Master
                   Trusts Amending Deed" dated on or about the date of this
                   Agreement.

                   "NET PREPAYMENT AMOUNT" in relation to the Basis Swap and a
                   Determination Date and the Interest Period commencing on the
                   next Prepayment Date, means the amount determined in
                   accordance with the following formula:

                                           n
                            NPA=Y x BSA x_____
                                          365

                   where:

                   NPA  =    the Net Prepayment Amount for that Interest
                             Period;

                   Y    =    TR-VR (expressed as a percentage);

                   TR   =    the Threshold Rate on that date;

                   VR   =    the Variable Rate on that date;

                   BSA  =    the Basis Swap Amount for that Interest Period;
                             and

                   n    =    the actual number of days in that Interest
                             Period.

<PAGE>
                                       18

                   "PREPAYMENT ADJUSTED AMOUNT" means:

                   (a)   for the first Prepayment Date, the Net Prepayment
                         Amount paid by Party A in respect of the Basis Swap
                         pursuant to Part 5(4)(a) of this Schedule in relation
                         to the Interest Period commencing on that Prepayment
                         Date; and

                   (b)   for each subsequent Prepayment Date, the aggregate
                         balance of the Net Prepayment Amount paid by
                         Party A in respect of the Basis Swap pursuant to
                         Part 5(4)(a) of this Schedule after taking into
                         account any applications and any additional
                         prepayments by, or repayments to, Party A in
                         respect of the Basis Swap pursuant to Part 5(4) of
                         this Schedule.

                   "PREPAYMENT DATE" means the first day of each Interest Period
                   in respect of the Basis Swap unless Party A in respect of the
                   Basis Swap has a short term credit rating on the
                   Determination Date preceding that day equal to the Prescribed
                   Rating from each Designated Rating Agency.

                   "PRESCRIBED RATING" means:

                   (a)   a short term credit rating of A-1 in the case of
                         S&P;

                   (b)   a short term credit rating of F1 in the case of
                         Fitch; or

                   (c)   in the case of the Fixed Swap, a short term credit
                         rating of P-1 or a long term rating of A2 in the case
                         of Moody's and, in relation to the Basis Swap, a short
                         term rating of P-1 in the case of Moody's.

                   "SUPPLEMENTAL DEED" means the deed entitled "Kingfisher Trust
                   2001-1G Supplemental Deed" dated on or about the date of this
                   Agreement between Party A, the Trust Manager, Party B and
                   certain other parties.

                   "TRUST" means the Kingfisher Trust 2001-1G constituted by the
                   Master Trust Deed and a notice of creation of trust.

                   "VARIABLE FINANCE CHARGES" in relation to an Interest Period
                   means the aggregate Finance Charge Collections in respect of
                   the Collection Period ending immediately prior to the last
                   day of the Interest Period for each Receivable charged a
                   variable rate of interest for the duration of that Collection
                   Period (or for any Receivable charged a variable rate of
                   interest for part of that Collection Period, the Finance
                   Charge Collections for the Receivable relating to that
                   shorter period).

                   "VARIABLE RATE" in relation to a Determination Date means the
                   rate then equal to the weighted average of the Variable Rates
                   charged in respect of each account established in the Housing
                   Loan System for the Housing Loans on that Determination Date,
                   rounded up to 4 decimal places.

       (f)   ISDA DEFINITIONS: The 2000 ISDA Definitions (as published by the
             International Swaps and Derivatives Association, Inc) (the "2000
             ISDA DEFINITIONS") as at the

<PAGE>
                                       19

             date of this Agreement are incorporated into this Agreement and
             each Confirmation.

       (g)   INCONSISTENCY: Unless specified otherwise, in the event of any
             inconsistency between any two or more of the following documents in
             respect of a Transaction they will take precedence over each other
             in the following order in respect of that Transaction:

             (i)   any Confirmation;

             (ii)  this Agreement;

             (iii) the Supplemental Deed;

             (iv)  the Master Trust Deed; and

             (v)   the 2000 ISDA Definitions.

       (h)   SWAP TRANSACTION:  Any reference to a:

             (i)   "SWAP TRANSACTION" in the 2000 ISDA Definitions is deemed
                   to be a reference to a "TRANSACTION" for the purpose of
                   interpreting this Agreement or any Confirmation; and

             (ii)  "TRANSACTION" in this Agreement or any confirmation is deemed
                   to be a reference to a "SWAP TRANSACTION" for the purpose of
                   interpreting the 2000 ISDA Definitions.

(13)   LIMITATION OF LIABILITY:  Insert the following Section 16, after
       Section 15:

       "16.  PARTY B'S LIMITATION OF LIABILITY

             (a)   Party B enters into this Agreement and each Transaction
                   only in its capacity as trustee of the Trust and in no
                   other capacity.  A liability of Party B arising under or
                   in connection with this Agreement, a Transaction or the
                   Trust is limited to and can be enforced against Party B
                   only to the extent to which it can be satisfied out of the
                   Assets of the Trust out of which Party B is actually
                   indemnified for the liability.  This limitation of Party
                   B's liability applies despite any other provision of this
                   Agreement (other than clause 16(c) below) and extends to
                   all liabilities and obligations of Party B in any way
                   connected with any representation, warranty, conduct,
                   omission, agreement or transaction related to this
                   Agreement, any Transaction or the Trust.

             (b)   The parties other than Party B may not sue Party B in any
                   capacity other than as trustee of the Trust including seeking
                   the appointment of a receiver (except in relation to the
                   Assets of the Trust) or liquidator, administrator or any
                   similar person to Party B or prove in any liquidation,
                   administration or arrangement of or affecting Party B (except
                   in relation to the Assets of the Trust).

             (c)   The provisions of this clause 16 limiting Party B's
                   liability will not apply to any obligation or liability of
                   Party B to the extent that it is not satisfied

<PAGE>
                                       20

                   because, under this Agreement or any other Transaction
                   Document in relation to the Trust, or by operation of law,
                   there is a reduction in the extent of Party B's
                   indemnification out of the Assets of the Trust, as a result
                   of Party B's fraud, gross negligence or wilful default.

             (d)   It is acknowledged that the Relevant Parties are
                   responsible under this Agreement and the other Transaction
                   Documents in relation to the Trust for performing a
                   variety of obligations relating to the Trust.  No act or
                   omission of Party B (including any related failure to
                   satisfy its obligations or breach of representation or
                   warranty under this Agreement) will be considered fraud,
                   gross negligence or wilful default for the purposes of
                   clause 16(c) above to the extent the act or omission was
                   caused or contributed to by any failure by any Relevant
                   Party or any other person appointed by Party B under any
                   Transaction Document (other than a person whose acts or
                   omissions Party B is liable for in accordance with any
                   Transaction Document) to fulfil its obligations relating
                   to the Trust or by any other act or omission of any
                   Relevant Party or any other such person regardless of
                   whether or not the act or omission is purported to be done
                   on behalf of Party B.

             (e)   No attorney, agent, receiver or receiver and manager
                   appointed in accordance with this Agreement or any other
                   Transaction Document has authority to act on behalf of Party
                   B in a way that exposes Party B to any personal liability,
                   and no act or omission of any such person will be considered
                   fraud, gross negligence or wilful default of Party B for the
                   purpose of clause 16(c) above.

             (f)   Party B is not obliged to do anything or refrain from doing
                   anything under or in connection with this Agreement
                   (including incur a liability) unless Party B's liability is
                   limited in the same manner as set out in this clause.

(14)   MONTHLY SWAP STATEMENT:  Insert the following new Section 17 after
       Section 16:

       "17   MONTHLY SWAP STATEMENT

             On each Determination Date the Trust Manager will:

             (a)   (PREPARE MONTHLY STATEMENT):  prepare and transmit to each
                   of Party A and Party B a monthly swap statement containing
                   the information specified in Annexure 3 of this Agreement;
                   and

             (b)   (SEND INFORMATION): send to each Designated Rating Agency
                   such information in the possession of the Trust Manager as
                   each Designated Rating Agency reasonably requires in relation
                   to the Basis Swap, the Fixed Swap and any other matters in
                   connection with this Agreement."

(15)   NOTES REPAID:  Insert the following new Section 18 after Section 17:

       "18   NOTES REPAID

             If the Invested Amount in respect of the Notes has been repaid, or
             the Notes are deemed under the Supplemental Deed to have been
             redeemed in full, then the

<PAGE>
                                       21

             obligations (if any) of Party A in respect of the Basis Swap under
             Part 5(4)(a) and Part 5(7) of the Schedule cease and Party B must
             repay to Party A in respect of the Basis Swap any remaining
             prepayments made pursuant to those provisions."

(16)   FURTHER ASSURANCES: Each party will, upon request by the other party (the
       "REQUESTING PARTY") at the expense of the requesting party, perform all
       such acts and execute all such agreements, assurances and other documents
       and instruments as the requesting party reasonably requires (and, in the
       case of Party B, are within the powers granted to Party B under the
       Master Trust Deed) to assure and confirm the rights and powers afforded,
       created or intended to be afforded or created, under or in relation to
       this Agreement and each Transaction or other dealing which occurs under
       or is contemplated by it.

(17)   HEDGING ARRANGEMENT:  The parties acknowledge and agree that for the
       purposes of the Transaction Documents this Agreement is a Hedging
       Arrangement.

(18)   PROCEDURES FOR ENTERING INTO TRANSACTIONS

       (a)   With respect to each Transaction entered into pursuant to this
             Agreement and for the purposes of Section 9(e)(ii), Party A will,
             by or promptly after the relevant Trade Date, send:

             (i)   Party B and the Trust Manager a Confirmation substantially in
                   the form set out in Annexure 1 (or in such other form as may
                   be agreed between Party A, Party B and the Trust Manager),
                   and Party B and the Trust Manager must promptly then confirm
                   the accuracy of and sign and return, or request the
                   correction of, such Confirmation; and

             (ii)  Party B and the Trust Manager a Confirmation substantially in
                   the form set out in Annexure 2 (or in such other form as may
                   be agreed between Party A, Party B and the Trust Manager),
                   and Party B and the Trust Manager must promptly then confirm
                   the accuracy of and sign and return, or request the
                   correction of, such Confirmation; and

       (b)   Party B will enter into each Transaction in its capacity as
             trustee of the Trust.

(19)   AUTHORISED OFFICER: Each party will be entitled to assume, in the absence
       of any knowledge to the contrary, that any person signing any
       Confirmation, notice or other written communication issued in respect of
       this Agreement on behalf of a party is an Authorised Officer of that
       party.

(20)   RECORDED CONVERSATIONS:  Each party:

       (a)   consents to the electronic recording of its telephone conversations
             with the other party (or any of its associated persons) with or
             without the use of an automatic tone warning device;

       (b)   will provide transcripts of such recordings (if any) upon
             reasonable request by the other party (at the reasonable cost of
             the party requesting);

       (c)   acknowledges that such recordings and transcripts can be used as
             evidence by either party in any dispute between them; and

<PAGE>
                                       22

       (d)   acknowledges that neither is obligated to maintain copies of such
             recordings and transcripts for the benefit of the other party.

(21)   KNOWLEDGE OR AWARENESS: Subject to Section 12(a), 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 Entity of that party which have the day to day responsibility
       for the administration or management of that party's (or a Related Entity
       of that party's) obligations in relation to the Trust or the Transactions
       entered into under this Agreement 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).

(22)   AMENDMENTS TO THIS AGREEMENT: The Trust Manager must give 10 Business
       Days' notice in writing to each Designated Rating Agency of any
       amendments to this Agreement.

(23)   TRUST MANAGER'S UNDERTAKING: The Trust Manager, Party A and Party B
       undertake to comply with their respective obligations under the
       Supplemental Deed and the Transaction Documents for the Trust. For the
       avoidance of doubt, the parties acknowledge and agree that the failure by
       Party B, the Trust Manager or Party A to comply with this undertaking
       will not give rise to an Event of Default under this Agreement.

(24)   APPOINTMENT OF TRUST MANAGER: Party A acknowledges that, under the Master
       Trust Deed, Party B has appointed the Trust Manager as Trust Manager of
       the Trust, with the powers set out in, and upon and subject to the terms
       of the Master Trust Deed. Accordingly, subject to the terms of the Master
       Trust Deed, the Trust Manager may arrange and monitor Transactions and
       exercise all other rights and powers of Party B under this Agreement
       provided it keeps Party B informed of actions so taken.

(25)   BREAK COSTS: For the avoidance of doubt, the parties acknowledge and
       agree that the non-payment by Party B to Party A of Early Repayment Costs
       on a Payment Date which Party B has not received pursuant to the
       Supplemental Deed during that Collection Period just ended will not give
       rise to an Event of Default under this Agreement.

(26)   AUSTRALIAN ADDENDA.  The following addenda to Schedule to Master
       Agreement of International Swap Dealers Association, Inc. in the form
       of the copies attached to this Agreement are deemed to be incorporated
       in this Agreement:

       -     September 1991 Australian Addendum No. 1 (as amended in
             September 1992, March 1994 and March 1997) - Interest Rate Caps,
             Collars and Floors

       -     September 1991 Australian Addendum No. 2 (as amended in
             September 1992, March 1994 and March 1997) - Swaptions

       -     September 1992 Australian Addendum No. 6 - $A Forward Rate
             Agreements

       -     September 1992 Australian Addendum No. 7 - Forward Rate Bill
             Agreements

<PAGE>
                                       23

PART 6 - SECURITISATION PROVISIONS

(a)   INCONSISTENCY. In the event of any inconsistency between the provisions of
      this Part 6 and any other provision of this Agreement, the provisions of
      this Part 6 will prevail.

(b)    DEDUCTION OR WITHHOLDING FOR TAX.  Section 2 of the agreement is
       amended as follows:

       (i)  In Section 2(d)(ii)(1) the following words are deleted where
       they appear:

                   "in respect of which X would not be required to pay an
                   additional amount to Y under section 2(d)(i)(4)".

       (ii) Section 2(d)(i)(4) is deleted in its entirety.

(c)    EVENTS OF DEFAULT AND TERMINATION EVENTS.

       (i)   The following provisions of Section 5 will not apply to either
             Party A or Party B:

             Section 5(a)(ii) Section 5(a)(iii) Section 5(a)(iv) Section 5(a)(v)
             Section 5(a)(vi) Section 5(b)(ii) Section 5(b)(iii) Section
             5(b)(iv)

       (ii)  Section 5(a)(i) will not apply to Party B to the extent it relates
             to a failure by Party B to include in amounts due to be paid to
             Party A under the Fixed Swap any Non-Collection Fees for the
             related Collection Period.

(d)    TRANSFER.  A new paragraph (c) is added to Section 7 as follows:

            "a party may make such a transfer under, or in accordance with, the
            Global Master Security Trust Deed."

       and replace the "." at the end of Section 7(b) with "; and".

(e)    ROLE AND LIABILITY OF TRUST MANAGER.

       Party A acknowledges that the Trust Manager will, at the request of Party
       B, perform the day to day management of the Trust on the terms and
       conditions of the Master Trust Deed. Any rights or obligations of Party B
       under this Agreement may be exercised or satisfied (as the case may be)
       by the Trust Manager on behalf of Party B (and the Trust Manager will
       keep Party B informed of any action so taken by the Trust Manager) and
       Party A is not obliged to enquire as to the authority of the Trust
       Manager to take such action on behalf of Party B.

       Notwithstanding any other provision of this Agreement, the Trust Manager
       is not liable:

       (i)   in connection with anything done by it in good faith and without
             negligence in reliance upon any document, form or list except where
             it is actually aware that the document, form or list is not
             genuine; or

<PAGE>
                                       24

       (ii)  if it fails to do anything because it is prevented or hindered
             from doing it by law or order; or

       (iii) to anyone for payments made by it in good faith to a fiscal
             authority in connection with Taxes (including Taxes assessed on the
             income of the Trust) or other charges in respect of a Trust even if
             the payment need not have been made; or

       (iv)  if a person fails to carry out an agreement with the Trust
             Manager in connection with the Trust; or

       (v)   to anyone because of any error of law or any matter done or omitted
             to be done by it in good faith in the event of the liquidation or
             dissolution of a company (other than a company under its control),

       except to the extent that any of the foregoing is caused by the Trust
       Manager's own gross negligence, fraud or wilful default.

       The Trust Manager personally is not a "party" (as that term is used in
       Section 2(a)(i) of the Master Agreement) under the Agreement for the
       purposes of determining the obligations, representations and undertakings
       of each "party" to it.

(f)    PAYMENTS PRIOR TO EARLY TERMINATION DATE:  A new Section 6(e)(vi) is
       inserted as follows:

       (i)   If a party (in this Section 6 (e)(vi), "R") makes a payment under a
             Transaction in advance in respect of a period, and an Early
             Termination Date occurs before that period has elapsed, then the
             other party (in this Section 6(e)(vi), "S") must pay (by way of
             refund) to R, as an amount due in respect of that Early Termination
             Date, an amount equal to the Termination Currency Equivalent of:

             PAYMENT X BALANCE
           ---------------------
                  Period

             where

             Payment    is the amount paid in advance;
                                                      -

             Period     is the period to which the Payment related; and

             Balance     is the part of the Period from the Early
                         Termination Date to the end of the Period;
                                                                   -

             such amount the "Advance Refund Amount".
                                                     -

<PAGE>
                                       25

                                   ANNEXURE 1

                       FORM OF CONFIRMATION FOR BASIS SWAP

                        - KINGFISHER TRUST 2001-1G ("TRUST")

                              [PARTY A LETTERHEAD]

[DATE]

TO:      Perpetual Trustee Company Limited  ANZ Capel Court Limited
         as trustee of the Trust            Level 6
         Level 3                            530 Collins Street
         39 Hunter Street                   MELBOURNE   VIC  3000
         SYDNEY  NSW  2000

         ATTENTION:  Manager,               ATTENTION:  Manager, Primary
                   Securitisation Services            Markets Group

SWAP CONFIRMATION - BASIS SWAP

The purpose of this letter is to confirm the terms and conditions of the
Transaction entered into between us on the Trade Date specified below
("TRANSACTION"). This letter constitutes a "CONFIRMATION" as referred to in the
Master Agreement specified below.

This Confirmation supplements, forms part of, and is subject to, the 1992 ISDA
Master Agreement dated as of [ ], as amended, novated or supplemented from time
to time ("AGREEMENT"), between Australia and New Zealand Banking Group Limited
(ABN 11 005 357 522) ("PARTY A"), Perpetual Trustee Company Limited, (ABN 42 000
001 007) as trustee of the Trust ("PARTY B") and ANZ Capel Court Limited (ABN 30
004 768 807) ("TRUST MANAGER"). All provisions contained in the Agreement govern
this Confirmation except as expressly modified below.

The terms of the particular Transaction to which this Confirmation relates are
as follows:

OUR REFERENCE:                 [                         ]
TRADE DATE:                    [                         ]
EFFECTIVE DATE:                [                         ]
TERMINATION DATE:              Means the earlier of:
                               (a)    the date that all the Notes have been
                                      redeemed in full; and

                               (b)    the Termination Date for the Trust,
                               subject to the Following Business Day
                               Convention.
 NOTIONAL AMOUNT:              With respect to each Interest Period, means
                               the Basis Swap Amount for the Interest
                               Period.

<PAGE>
                                       26

 FLOATING ADMINISTERED RATE

 AMOUNTS:

 Floating Administered Rate
 Payer:                        Party B
 Floating Administered Rate
 Payer:                        Each Payment Date
 Payment Dates:
 Floating Administered Rate
 Amount:                       For the purposes of determining the Floating
                               Administered Rate Amount payable on each Payment
                               Date, Section 6.1 of the 2000 ISDA Definitions
                               does not apply and the Floating Administered Rate
                               Amount for each Interest Period will be
                               determined as the Variable Finance Charges for
                               the Interest Period.
 FLOATING BBSW AMOUNTS:
 Floating BBSW Rate Payer:     Party A
 Floating BBSW Rate Payer
 Payment Dates:                Each Payment Date
 Payment Dates:

 Floating Rate Option:         AUD-BBR-BBSW

                               an amount calculated in accordance with the
 Spread:                       following:
                               M + [   ]%
                               Where:

                               M =    the weighted average Margin on the Notes
                                      outstanding on the first day of the
                                      Collection Period expiring immediately
                                      prior to such Payment Date

                               the aggregate of the Spread for the currency
                                swap for the Class A Notes and the Class B
 Margin:                        Note Margin
 Floating Rate Day Count:      Actual/365 (Fixed)
 Fraction:
 Reset Dates:                  The first day of each Interest Period.
 BUSINESS DAY:                 Melbourne
 BUSINESS DAY CONVENTION:      Following
 CALCULATION AGENT:            The Trust Manager

<PAGE>
                                       27

 ACCOUNT DETAILS INSTRUCTION:
 Account for payments to
 Party A:                      [Please advise]
 Account for payments to
 Party B:                      [Please advise]
                               The Transaction to which this Confirmation
                               relates is a Basis Swap for the purposes of
 OTHER PROVISIONS:             the Agreement.
Please confirm that the above correctly sets out the terms of our agreement in
respect of the Transaction to which this Confirmation relates by signing and
returning it to us by facsimile today.

Executed documents will follow by mail.

Yours sincerely

SIGNED for and on behalf of
PERPETUAL TRUSTEE COMPANY LIMITED           SIGNED for and on behalf of
(ABN 42 000 001 007) as trustee of          AUSTRALIA AND NEW ZEALAND BANKING
the Kingfisher Trust 2001-1G                GROUP LIMITED (ABN 11 005 357 522)

By:                                         By:
    -------------------------------             -------------------------------
      (Authorised Officer)                        (Authorised Officer)

Name:                                       Name:
     ------------------------------              ------------------------------

Title:                                      Title:
       -----------------------------               -----------------------------

SIGNED for and on behalf of
ANZ CAPEL COURT LIMITED (ABN
30 004 768 807)

By:
    -------------------------------
      (Authorised Officer)

Name:
     ------------------------------

<PAGE>
                                       28

Title:
       -----------------------------

<PAGE>
                                       29

                                   ANNEXURE 2

                       FORM OF CONFIRMATION FOR FIXED SWAP

                        - KINGFISHER TRUST 2001-1G ("TRUST")

                              [PARTY A LETTERHEAD]

[DATE]

TO:    Perpetual Trustee Company Limited     ANZ Capel Court Limited
       as trustee of the Trust               Level 6
       Level 3                               530 Collins Street
       39 Hunter Street                      MELBOURNE   VIC   3000
       SYDNEY NSW 2000

       ATTENTION:  Manager,                  ATTENTION:   Manager, Primary
                   Securitisation Services                Markets Group

SWAP CONFIRMATION - FIXED SWAP

The purpose of this letter is to confirm the terms and conditions of the
Transaction entered into between us on the Trade Date specified below
("TRANSACTION"). This letter constitutes a "CONFIRMATION" as referred to in the
Master Agreement specified below.

This Confirmation supplements, forms part of, and is subject to, the 1992 ISDA
Master Agreement dated as of [ ], as amended, novated or supplemented from time
to time ("AGREEMENT"), between Australia and New Zealand Banking Group Limited,
(ABN 11 005 357 522) ("PARTY A"), Perpetual Trustee Company Limited, (ABN 42 000
001 007) as trustee of the Trust ("PARTY B") and ANZ Capel Court Limited (ABN 30
004 768 807) ("TRUST MANAGER"). All provisions contained in the Agreement govern
this Confirmation except as expressly modified below.

The terms of the particular Transaction to which this Confirmation relates
are as follows:

OUR REFERENCE:                [                         ]

TRADE DATE:                   [                         ]

EFFECTIVE DATE:               [                         ]

TERMINATION DATE:             Means the earlier of:

                              (a)    the date that all of the Notes have been
                                     redeemed in full; and

                              (b)    the Termination Date for the Trust,

<PAGE>
                                       30

                              subject to the Following Business Day
                              Convention.

                              With respect to each Interest Period, means the
NOTIONAL AMOUNT:              Fixed Swap Amount for that Interest Period.

FIXED AMOUNTS:

Fixed Rate Payer              Party B

Fixed Rate Payer Payment
Dates                         Each Payment Date

Fixed Amount                  For the purposes of determining the Fixed Amount
                              payable on each Payment Date, Section 5.1 of the
                              2000 ISDA Definitions does not apply and the
                              Fixed Amount for each Interest Period will be
                              determined as the Fixed Rate Finance Charges
                              for that Interest Period.

FLOATING AMOUNTS:

Floating Rate Payer           Party A

Floating Rate Payer Payment
Dates                         Each Payment Date

Floating Rate Option          AUD-BBR-BBSW

                              an amount calculated in accordance with the
Spread                         following:
                              M + [   ]%

                              Where:

                              M=     weighted average Margin on the Notes
                                     outstanding on the first day of the
                                     Collection Period expiring immediately
                                     prior to such Payment Date

                               the aggregate of the Spread for the currency
                               swap for the Class A Notes and the Class B
Margin:                        Note Margin

Floating Rate Day Count
Fraction                      Actual/365 (Fixed)

Reset Dates                   The first day of each Interest Period.

BUSINESS DAY:                 Melbourne

BUSINESS DAY CONVENTION:      Following

<PAGE>
                                       31

CALCULATION AGENT:            The Trust Manager

ACCOUNT DETAILS INSTRUCTION:

Account for payments to
Party A                       [Please advise]

Account for payments to
Party B                       [Please advise]

OTHER PROVISIONS:              The Transaction to which this Confirmation
                               relates is a Fixed Swap for the purposes of
                               the Agreement.

Please confirm that the above correctly sets out the terms of our agreement in
respect of the Transaction to which this Confirmation relates by signing and
returning it to us by facsimile today.

Executed documents will follow by mail.

Yours sincerely

SIGNED for and on behalf of                SIGNED for and on behalf of
PERPETUAL TRUSTEE COMPANY                  AUSTRALIA AND NEW ZEALAND BANKING
LIMITED (ABN 42 000 001 007)               GROUP LIMITED (ABN 11 005 357 522)
as trustee of the Kingfisher
Trust 2001-1G

By:                                         By:
    -------------------------------             -------------------------------
      (Authorised Officer)                        (Authorised Officer)

Name:                                       Name:
     ------------------------------              ------------------------------

Title:                                      Title:
       -----------------------------               -----------------------------

SIGNED for and on behalf of ANZ
CAPEL COURT LIMITED (ABN 30 004 768
807)

By:
    -------------------------------

<PAGE>
                                       32

(Authorised Officer)

Name:
     -------------------------------

Title:
      ------------------------------

<PAGE>
                                       33

                                   ANNEXURE 3

                             MONTHLY SWAP STATEMENT

                            KINGFISHER TRUST 2001-1G

Date:  [                  ]

To:    AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED  (ABN 11 005 357 522)
       ("PARTY A")

And:   PERPETUAL TRUSTEE COMPANY LIMITED (ABN 42 000 001 007) ("PARTY B")

From   ANZ CAPEL COURT LIMITED (ABN 30 004 768 807) ("TRUST MANAGER")

ISDA   MASTER AGREEMENT DATED [ ] BETWEEN PARTY A, PARTY B AND THE TRUST MANAGER
       ("AGREEMENT")

Determination Date:

Interest Period:

The Trust Manager has determined and gives notice of the following:

1      BASIS SWAP

       (a)   Notional Amount for the Interest Period:

       (b)   Variable Finance Charges for the Interest Period:

       (c)   AUD-BBR-BBSW Spread:

2      FIXED SWAP

       (a)   Notional Amount for the Interest Period:

       (b)   Fixed Rate Finance Charges for the Interest Period:

       (c)   AUD-BBR-BBSW Spread:

3      RATE SET

       BBSW for the Interest Period.

4      NET AMOUNT

       Net   amount due for payment by Party A on the immediately following
             Payment Date:

       Net   amount due for payment by Party B on the immediately following
             Payment Date:

Terms used and not otherwise defined in this statement have the same meaning as
in the Agreement, as amended, supplemented or novated from time to time.

<PAGE>
                                       34

SIGNED for and on behalf of
ANZ CAPEL COURT LIMITED
(ABN 30 004 768 807)

By...............................

(Authorised Officer)

Name:............................

Title: ..........................

<PAGE>
                                       35

SIGNED by                           )
as attorney for AUSTRALIA AND NEW   )
ZEALAND BANKING GROUP LIMITED       )
under power of attorney dated       )
                                    )
in the presence of:                 )
                                    )
 ................................    )
Signature of witness                )
                                    )
 ................................    )
Name of witness (block letters)     )
                                    )      ................................
 ................................    )      By executing this agreement the
Address of witness                  )      attorney states that the
                                    )      attorney has received no notice
 ................................    )      of revocation of the power of
Occupation of witness               )      attorney

SIGNED by                           )
as attorney for PERPETUAL TRUSTEE   )
COMPANY LIMITED   under power of    )
attorney dated                      )
                                    )
in the presence of:                 )
                                    )
 ................................    )
Signature of witness                )
                                    )
 ................................    )
Name of witness (block letters)     )
                                    )      ................................
 ................................    )      By executing this agreement the
Address of witness                  )      attorney states that the
                                    )      attorney has received no notice
 ................................    )      of revocation of the power of
Occupation of witness               )      attorney

<PAGE>
                                       36

SIGNED by
as attorney for ANZ CAPEL COURT     )
LIMITED under power of attorney     )
dated                               )
                                    )
in the presence of:                 )
                                    )
 ................................    )
Signature of witness                )
                                    )
 ................................    )
Name of witness (block letters)     )
                                    )      ................................
 ................................    )      By executing this agreement the
Address of witness                  )      attorney states that the
                                    )      attorney has received no notice
 ................................    )      of revocation of the power of
Occupation of witness               )      attorney

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