-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ArWNIf3cqUQbReyF9eUs0SRYzSMs+N06H9i99IsedQoXz06a9hZtwauxS1T7XMp7 3N2JgQ4Vz8I99/oxwWXQpA== 0000902561-04-000464.txt : 20041019 0000902561-04-000464.hdr.sgml : 20041019 20041019090322 ACCESSION NUMBER: 0000902561-04-000464 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20031231 FILED AS OF DATE: 20041019 DATE AS OF CHANGE: 20041019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Interstar Millennium Series 2003-3G CENTRAL INDEX KEY: 0001293680 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-105239-01 FILM NUMBER: 041084263 MAIL ADDRESS: STREET 1: LEVEL 28 STREET 2: 367 COLLINS ST CITY: MELBOURNE AUSTRALIA STATE: C4 ZIP: 9999999999 10-K 1 form10k_kd3-101804.txt ANNUAL REPORT FISCAL PERIOD END DEC 31, 2003 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (MARK ONE) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the fiscal period ended December 31, 2003 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] Commission file number: 333-105239 INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED in its capacity as manager of the Interstar Millennium Series 2003-3G Trust ABN 75 560 146 719 -------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) VICTORIA, AUSTRALIA ---------------------------------------------------------- (State or Other Jurisdiction of Incorporation) N/A ------------------------------------ (I.R.S. Employer Identification No.) LEVEL 10, 101 COLLINS STREET, MELBOURNE, VICTORIA, 3000, AUSTRALIA ---------------------------------------------------------------- (Address of principal executive offices) (0011) 613 9612 1111 --------------------------------------------------- (Registrant's Telephone Number, Including Area Code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days. Yes [X] No [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. (X) Indicate by check mark whether the registrant is an accelerated filer (as defined in Exchange Act rule 12b-2). Yes [ ] No [X] State the aggregate market value of the voting and non-voting common equity held by nonaffiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter. NOT APPLICABLE 1
TABLE OF CONTENTS PART 1......................................................................................................4 ITEM 1. BUSINESS.......................................................................................4 ITEM 2. PROPERTIES.....................................................................................4 ITEM 3. LEGAL PROCEEDINGS..............................................................................4 ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS............................................4 PART II.....................................................................................................4 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES..............................................4 ITEM 6. SELECTED FINANCIAL DATA........................................................................5 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS..........................................................................5 ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.....................................5 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA....................................................6 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.......................................................................6 PART III....................................................................................................7 ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.............................................7 ITEM 11. EXECUTIVE COMPENSATION.........................................................................7 ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS................................................................7 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.................................................7 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.........................................................7 PART IV.....................................................................................................8 ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 6-K...............................8
2 INTRODUCTORY NOTE The information required for some items in Form 10-K is "not applicable" to the Trust or the Manager. As used in this Annual Report filed on Form 10-K, "not applicable" or "Not Applicable" means that the response to the referenced item is omitted in reliance on the procedures outlined in numerous no-action letters issued by the Commission's Staff with respect to substantially similar securities and trusts that file annual reports on Form 10-K. 3 PART I ITEM 1. BUSINESS This Annual Report on Form 10-K relates to the Interstar Millennium Series 2003-3G Trust (the "Trust") and the Class A2 and Class B1 Mortgage Backed Floating Rate Notes (the "Notes") issued pursuant to the Note Trust Deed dated as of July 8, 2003 (the "Note Trust Deed"), between Perpetual Trustees Victoria Limited, the issuer trustee (the "Issuer Trustee"); Interstar Securitisation Management Pty Ltd (the "Manager"), as Manager; and The Bank of New York, as note trustee (the "Note Trustee"). Capitalised terms used in this Form 10-K and not defined have the same meanings given to them in the Prospectus and Series Notice relating to the Notes. The only business of the Trust is the collection and distribution of payments on the residential mortgage loans in the manner described in the Registration Statement on Form S-11 (File No. 333-105239) (the "Registration Statement"). Accordingly, there is no relevant information to report in response to Item 101 of Regulation S-K. ITEM 2. PROPERTIES The registrant and the Trust do not own any physical properties. Information regarding the mortgage loans is furnished under Item 15 - Exhibit 99.2. ITEM 3. LEGAL PROCEEDINGS The Manager knows of no material legal proceedings involving any of the Trust, the Manager, the Servicer or the Issuer Trustee. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS No votes or consents of Noteholders were solicited during the fiscal year for any purpose. PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The Notes are not traded on any nationally recognized exchange in the United States. The Notes are currently represented by certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company ("DTC"). Accordingly, Cede & Co. is the sole holder of record of the Notes, which it holds on behalf of brokers, dealers, banks and other direct participants in the DTC system. The trust pays no dividends with respect to the Notes, the information required by Item 201(c) of Regulation S-K regarding dividends is inapplicable to the Trust. See Exhibit 99.1 for information with respect to distributions to Noteholders. 4 ITEM 6. SELECTED FINANCIAL DATA The Manager incorporates by reference its Noteholders Reports, filed as periodic filings on Form 6-K, in respect of the Trust under Central Index Key 0001174852 which contain all financial information related to the Trust relevant to the holders of the Notes (the "Noteholders"), pursuant to rule 12b-23 promulgated under the Securities Exchange Act of 1934. The Manager globally incorporates by reference and attaches hereto as Exhibit 13.1, pursuant to Rules 12b-23 promulgated under the Securities Exchange Act of 1934, the following quarterly Noteholders Report (the "Noteholders Report"), for the quarterly Payment Dates in September 2003 and December 2003 filed on Form 6-K in respect of the Trust under Central Index Key 0001174852, which include all financial information relating to the Trust that is relevant to Noteholders. o Noteholders Report for the September 29, 2003 Payment Date o Noteholders Report for the December 29, 2003 Payment Date The Manager also attaches hereto, as Exhibit 99.1 the following document: o Aggregate Totals for the period between July 9, 2003, the date on which the Trust issued Notes, to the end of the Trust's fiscal year on December 31, 2003 (such period which includes the first Trust payment date on September 29, 2003). The foregoing presents all relevant financial information relating to the Trust. Because of the limited business activity of the Trust, the Selected Financial Data in Item 301 of Regulation S-K would not provide any meaningful additional information. ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Because of the limited business activity of the Trust, the presentation of Management's Discussion and Analysis of Financial Condition and Results of Operations, as otherwise would be required by Item 303 of Regulation S-K, would not be meaningful. All relevant information is contained in the quarterly servicing reports (filed under Current Reports on Form 6-K) as described above. ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Currency Exchange Control Risk - ------------------------------ Interest and principal payments to holders of the Notes are paid in United States dollars ("U.S. dollars"). However payments on the mortgage loans (the "Collections") are received by the Issuer Trustee, in Australian dollars, in Australia. Pursuant to certain swap agreements ("Currency Swaps"), the Issuer Trustee is required to pay a portion of the Collections to certain swap counterparties (the "Currency Swap Providers") who in turn pay ("Swap Currency Exchange"), at the direction of the Issuer Trustee, U.S. dollars to the holders of the Notes. It is possible that in the future, Australia may impose exchange controls that affect the availability of Australian dollar payments for making payments under the Currency Swaps. The holders of the Notes will bear the risk of the imposition of foreign exchange controls by the Australian government that impact upon the Issuer Trustee's ability to exchange the Collections for U.S. dollars. The Issuer Trustee has no control over such risk, which will generally be affected by economic and political events in Australia. If the Issuer Trustee does not pay some or all of the amount in Australian dollars which it is required to pay the Currency Swap Providers under the Currency Swaps, the Currency Swap Providers are only required to pay the U.S. dollar equivalent of the amounts they actually receive. In such event, it is unlikely that the Trust would have sufficient U.S. dollars to make the payments due on the Notes. 5 The specific prior approval of the Reserve Bank of Australia or the Minister for Foreign Affairs of the Commonwealth of Australia must be obtained for certain transactions involving or connected with individuals or entities listed in the relevant Commonwealth Government Gazette as persons or entities identified with terrorism or to which financial sanctions apply, including: o certain Yugoslav entities or individuals; o Jemaah Islamiah; o the Government of Zimbabwe, any public authority or controlled entity of the Government of Zimbabwe and certain other individuals identified by the Reserve Bank of Australia; o the Taliban (also known as the Islamic Emirate of Afghanistan) or any undertaking owned or controlled, directly or indirectly, by the Taliban; o Osama bin Laden, the Al-Qaeda organization and certain other individuals identified by the Reserve Bank of Australia as being linked to terrorism; and o the persons whose names are published in the Commonwealth Government Gazette Gn42 as amended by Commonwealth Government Gazette Gn37 and Commonwealth Government Gazette Gn49, and the persons whose names are listed under the Suppression of the Financing of Terrorism Act 2002 (Commonwealth). Currency Exchange Rate Risk - --------------------------- Interest and principal on the Notes are payable in U.S. dollars and the Trust's primary source for funding its payments on the Notes is its Collections on the mortgage loans, which will be sourced in Australian dollars. If the Currency Swap Providers were to fail to perform under the Currency Swaps or were to be discharged from such performance because of a default thereunder by the Trust, the Trust might have to exchange its Australian dollars for U.S. dollars at an exchange rate that is less favorable to the Trust than when the Currency Swaps were entered into and might therefore not have sufficient U.S. dollars to make timely payments on the Notes, even though the delinquency and loss experience on the mortgage loans may be acceptable. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA As discussed above, furnishing the financial information required by Item 8 of Form 10-K would not add any relevant information to that provided by the foregoing statements. Because the Notes are essentially "pass-through" securities, the Trust will have "income" only in the limited sense of collecting payments on the mortgage loans. The only material items of "expense" for the Trust will be the amounts paid as servicing compensation, and coupon interest to investors. The quarterly Noteholder reports (filed on Form 6-K) disclose the amount of "income" and "expenses" of the Trust. ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE There were no disagreements on accounting disclosures. 6 PART III ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT The Trust has no directors or executive officers. Therefore, this item is not applicable. ITEM 11. EXECUTIVE COMPENSATION The Trust has no directors or executive officers. Therefore, this item is not applicable. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS All of the Noteholders maintained their security positions with DTC. While some of the Noteholders' security positions in the Trust may exceed 5% of the outstanding amount of the Notes, such Notes do not constitute voting securities within the meaning of Item 403 of Regulation S-K. As at the date of this report, none of the officers or directors of the Registrant owns a beneficial interest in either the Trust, or in the Registrant. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS Interstar Securitisation Management Pty Ltd is a wholly owned subsidiary of Interstar Securities (Australia) Pty Ltd. Its principal business activity is the management of securitisation trusts established under the Interstar Millennium Trust Programmes. Interstar Securities (Australia) Pty Ltd acts as servicer (the "Servicer") to the Trust. The servicer receives a servicer fee direct from the Trust. The Servicer is a wholly owned direct subsidiary of Interstar Securities Holdings Pty Limited ("Interstar Holdings"). All shares in Interstar Holdings are ultimately owned (effective September 29, 2003) by Challenger Financial Services Group Limited, a public company listed on the Australian Stock Exchange. The Manager has entered into an arrangement with the Servicer, whereby the Servicer provides services and various facilities to the Trust Manager on commercial terms, in order for the Manager to carry out its functions as manager under the securitization trusts. Interstar Securitisation Management Pty Ltd pays management fees to the Servicer. ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES Asset-Backed Issuers are not required to disclose the information required by this item. 7 PART IV ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 6-K (a) (1) and (2): Incorporated herein as Exhibit 99.1 are the aggregate totals of the quarterly Noteholder Reports to the Trust for the period between July 9, 2003, the date on which the Trust issued Notes, to the end of the Trust's fiscal year on December 31, 2003 (such period which includes the first Trust payment date on September 29, 2003). A copy of the Officer's Certificate of Compliance is attached hereto as Exhibit No. 99.3. (a) (3) EXHIBITS:
- ------------------------- --------------------------------------------------- ----------------------- Designation Description Method of Filing - ------------------------- --------------------------------------------------- ----------------------- Exhibit 13.1 Noteholders Reports for the September 29, 2003 13.1 and the December 29, 2003 Payment Dates Exhibit 31.1 Section 302 Certification 31.1 Exhibit 99.1 Aggregate Totals for the period between July 9, 99.1 2003, the date on which the Trust issued Notes, to the end of the Trust's fiscal year on December 31, 2003 (such period which includes the first Trust payment date on September 29, 2003). Exhibit 99.2 Independent Auditor's Annual Servicer Compliance 99.2 Certificate Exhibit 99.3 Officer's Certificate of Compliance 99.3 Exhibit 99.4 Servicer's Certificate of Compliance 99.4 - ------------------------- --------------------------------------------------- -----------------------
(b) FOR THE SEPTEMBER 29, 2003 PAYMENT DATE A REPORT ON FORM 6-K WAS FILED BY THE REGISTRANT IN ORDER TO PROVIDE THE STATEMENTS FOR QUARTERLY DISTRIBUTIONS TO THE NOTEHOLDER. FOR THE DECEMBER 29, 2003 PAYMENT DATE A REPORT ON FORM 6-K WAS FILED BY THE REGISTRANT IN ORDER TO PROVIDE THE STATEMENTS FOR QUARTERLY DISTRIBUTIONS TO THE NOTEHOLDERS. ON SEPTEMBER 18, 2003 A REPORT ON FORM 6-K WAS FILED BY THE REGISTRANT IN ORDER TO PROVIDE NOTICE OF THE ACQUISITION OF THE TRUST MANAGER AND SERVICER BY CHALLENGER FINANCIAL SERVICES LIMITED. NO OTHER REPORTS ON FORM 6-K HAVE BEEN FILED DURING THE LAST SIX MONTHS (TRANSITIONAL PERIOD) COVERED BY THIS REPORT. 8 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED /S/ SAM KYRIACOU - ------------------------- Name: Sam Kyriacou Title: Director Date: October 13, 2004 9 INDEX TO EXHIBITS EXHIBIT NO. DOCUMENT DESCRIPTION - ----------- ------------------------------------------------------------------- 13.1 Noteholders Reports for the September 29, 2003 and the December 29, 2003 Payment Dates 31.1 Section 302 Certification 99.1 Aggregate Totals for the period between July 9, 2003, the date on which the Trust issued Notes, to the end of the Trust's fiscal year on December 31, 2003 (such period which includes the first Trust payment date on September 29, 2003) 99.2 Independent Auditor's Annual Servicer Compliance Certificate 99.3 Officer's Certificate of Compliance 99.4 Servicer's Certificate of Compliance 10 EX-13 2 form10k_exh131kd3-101804.txt NOTEHOLDERS RPTS SEPT 29, 2003 AND DEC 29, 2003 EXHIBIT 13.1 NOTEHOLDERS REPORTS FOR THE SEPTEMBER 29, 2003 AND THE DECEMBER 29, 2003 PAYMENT DATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the Collection Period ending September 19, 2003 INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED, (in its capacity as trust manager for the Interstar Millenium Series 2003-3G Trust) ------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) Level 28, 367 Collins Street, Melbourne, Victoria, 3000, Australia ------------------------------------------------------------------- (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ] Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______________________. OTHER EVENTS On July 9, 2003 Interstar Securitisation Management Pty Limited, in its capacity as Trust Manager (the Trust Manager) of the Interstar Millenium Series 2003-3G Trust (the Trust), publicly issued US$600,000,000 of Class A2 Mortgage Backed Floating Rate Notes due September 2035 and US$25,000,000 of Class B1 Mortgage Backed Floating Rate Notes due September 2035 (the Notes) pursuant to a registration statement (No. 333-105239) declared effective on June 27, 2003. Interstar Securitisation Management Pty Limited was the manager for the issuance of the Notes. Capitalized terms used in this Form 6-K and not defined have the same meanings given to them in the prospectus related to the Notes. On September 29, 2003, the Quarterly Payment Date, the Trust made a regular quarterly distribution of principal and interest to the holders of the Notes issued by the Trust. -2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf, as Trust Manager for the Interstar Millennium Series 2003-3G Trust, by the undersigned, thereunto duly authorized. Interstar Securitisation Management Pty Limited, (in its capacity as trust manager for the Interstar Millennium Series 2003-3G Trust) (Registrant) Dated: October 21, 2003 By: /s/ Sam Kyriacou ----------------------------------------- Name: Sam Kyriacou Title: Chief Executive Officer -3- EXHIBIT INDEX Exhibit Description - ------- ----------- 99.1 Quarterly Noteholders Report Related to the September 29, 2003 Distribution -4- Exhibit 99.1 INTERSTAR MILLENNIUM SERIES 2003-3G TRUST Quarterly Noteholders Report Related to the September 29, 2003 Distribtion
Aggregate principal amount of each class of notes as at the A2 Notes: USD $600,000,000.00 first day after the Payment Date occurring during the AUD $900,927,955.79 collection period: B1 Notes: USD $25,000,000.00 AUD $37,509,377.34 Aggregate amount of interest payable on each class of notes A2 Notes: USD $1,858,666.67 on the Payment Date being 29th September 2003: B1 Notes: USD $105,916.67 Aggregate of principal payments to be made in respect to A2 Notes: USD $24,356,217.38 each class of notes on the Payment Date being 29th September 2003: B1 Notes: USD $0.00 Income for the collection period: AUD $16,152,534.69 The Mortgage Principal Repayments for the collection period: AUD $50,752,004.00 Expenses of the trust for the collection period: AUD $15,019,727.69 Aggregate of all redraws on the housing loans made during AUD $21,253,954.00 the collection period: Interest rates (US all in) applicable for interest period A2 Notes: 1.3900% ending 28th December 2003: B1 Notes: 1.8900% The scheduled and unscheduled payments of principal during Scheduled: AUD $4,321,686.00 the collection period: Unscheduled: AUD $46,430,317.00 Aggregate of outstanding balances of housing loans as at the 19 September 2003: AUD $1,167,893,960.00 last of day of the collection period: Delinquency and loss statistics with respect to the housing Loss: loans as at the last day of the collection period Nil Delinquency: 0-29 1.67% 30-59 0.16% 60+ 0.06%
Page 1 of 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the Collection Period ending December 17, 2003 INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED, (in its capacity as trust manager for the Interstar Millenium Series 2003-3G Trust) ------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) Level 28, 367 Collins Street, Melbourne, Victoria, 3000, Australia ------------------------------------------------------------------- (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ] Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______________________. OTHER EVENTS On July 9, 2003 Interstar Securitisation Management Pty Limited, in its capacity as Trust Manager (the Trust Manager) of the Interstar Millenium Series 2003-3G Trust (the Trust), publicly issued US$600,000,000 of Class A2 Mortgage Backed Floating Rate Notes due September 2035 and US$25,000,000 of Class B1 Mortgage Backed Floating Rate Notes due September 2035 (the Notes) pursuant to a registration statement (No. 333-105239) declared effective on June 27, 2003. Interstar Securitisation Management Pty Limited was the manager for the issuance of the Notes. Capitalized terms used in this Form 6-K and not defined have the same meanings given to them in the prospectus related to the Notes. On September 29, 2003, the Quarterly Payment Date, the Trust made a regular quarterly distribution of principal and interest to the holders of the Notes issued by the Trust. On December 29, 2003, the Quarterly Payment Date, the Trust made a regular quarterly distribution of principal and interest to the holders of the Notes issued by the Trust. -2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf, as Trust Manager for the Interstar Millennium Series 2003-3G Trust, by the undersigned, thereunto duly authorized. Interstar Securitisation Management Pty Limited, (in its capacity as trust manager for the Interstar Millennium Series 2003-3G Trust) (Registrant) Dated: January 12, 2004 By: /s/ Vernon Spencer ----------------------------------------- Name: Vernon Spencer Title: Director -3- EXHIBIT INDEX Exhibit Description - ------- ----------- 99.1 Quarterly Noteholders Report Related to the December 29, 2003 Distribution -4- Exhibit 99.1 INTERSTAR MILLENNIUM SERIES 2003-3G TRUST Quarterly Noteholders Report Related to the December 29, 2003 Distribtion
Aggregate principal amount of each class of notes as at the A2 Notes: USD $583,779,240.00 first day after the Payment Date occurring during the collection period: B1 Notes: USD $25,000,000.00 Aggregate amount of interest payable on each class of notes A2 Notes: USD $2,051,173.22 on the Payment Date being 29th December 2003: B1 Notes: USD $119,437.50 Aggregate of principal payments to be made in respect to A2 Notes: USD $27,620,417.31 each class of notes on the Payment Date being 29th December 2003: B1 Notes: USD $0.00 Income for the collection period: AUD $20,063,416.37 The Mortgage Principal Repayments for the collection period: AUD $79,180,636.00 Expenses of the trust for the collection period: AUD $16,815,370.15 Aggregate of all redraws on the housing loans made during AUD $26,204,235.00 the collection period: Interest rates (US all in) applicable for interest period A2 Notes: 1.4200% ending 28th March 2004: B1 Notes: 1.9200% The scheduled and unscheduled payments of principal during Scheduled: AUD $1,379,266.00 the collection period: Unscheduled: AUD $77,801,370.00 Aggregate of outstanding balances of housing loans as at the 17 December 2003: AUD $1,116,367,308.00 last of day of the collection period: Delinquency and loss statistics with respect to the housing Loss: Nil loans as at the last day of the collection period Delinquency: 0-29 1.88% 30-59 0.42% 60+ 0.22%
Page 1 of 1 EX-31 3 form10k_exh311kd3-101804.txt CERTIFICATION OF ANDREW TWYFORD EXHIBIT 31.1 SECTION 302 CERTIFICATION IN RELATION TO INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED I, Andrew Twyford, certify that: 1. I have reviewed this annual report on Form 10-K, and all reports on Form 6-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Interstar Millennium Series 2003-3G Trust; 2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report; 3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreements, for inclusion in these reports is included in these reports; 4. I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreements and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and 5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreements, that is included in these reports. /s/ Andrew Twyford - -------------------------- Name: Andrew Twyford Title: Chief Financial Officer, Interstar Securitisation Management Limited Date: October 13, 2004 EX-99.1 4 form10k_exh991kd3-101804.txt AGGREGATE TOTALS PERIOD 7-19-2003 TO 12-31-2003 EXHIBIT 99.1 AGGREGATE TOTALS FOR THE PERIOD JULY 9, 2003 TO DECEMBER 31, 2003 PRINCIPAL COLLECTIONS INFORMATION IN AUD (AND USD WHERE INDICATED) AGGREGATED TO THE DATE OF THE LAST PAYMENT Principal amount of each class of USD notes as at the first day after the Payment date occurring during the collection period: Class A2: USD583,779,240 Class B1: USD 25,000,000 Aggregate coupon interest paid to noteholders of each class of notes Class A2: USD 3,909,840 Class B1: USD 225,354 Aggregate of Principal payments made in respect to each class of notes: Class A2: USD 51,976,635 Class B1: USD 0 Aggregate Mortgage Principal Repayments received for the period: Scheduled AUD 5,700,952 Unscheduled AUD 124,231,687 Aggregate of all redraws on housing loans: AUD 47,458,189 Aggregate of outstanding balance of housing loans at the end of the period: AUD 1,116,367,308 Aggregate Income of the trust for the period: AUD 36,215,951 Aggregate Expenses of the trust for the period: AUD 31,835,098 Interest rates for the period: Class A2 Notes(average): 1.4050% Class B1: Notes (average) 1.9050% Delinquency and loss statistics with respect to the housing loans: Loss: Nil Delinquency: 0-29 days 1.88% 30 -59 days 0.42% 60+ days 0.22% EX-99.2 5 form10k_exh992kd3-101804.txt INDEPENDENT AUDITOR'S ANNUAL SERV COMPLI CERTIF Exhibit 99.2 Independent Auditor's Annual Servicer Compliance Certificate SCOPE We have reviewed the activities of Interstar Securities (Australia) Pty Ltd (the "Servicer") for the purpose of determining its compliance with the servicing standards contained in the Master Trust Deed dated 2 December 1999 and the Investment Management Agreement dated 3 December 1999 (collectively the "Documents") (attached as Appendix 1), in relation to the Interstar Millennium Series 2002-1G, Interstar Millennium Series 2003-1G, Interstar Millennium Series 2003-3G and Interstar Millennium Series 2003-5G (collectively, the "Trusts") for the period from 1 July 2003 to 31 December 2003, in accordance with the statement by the Division of Corporation Finance of the Securities and Exchange Commission dated 21 February 2003, and our engagement letter dated 11 October 2004. We have reviewed the servicing standards contained in the Agreement to enable us to report on whether those servicing standards are similar to those contained in the Uniform Single Attestation Program for Mortgage Bankers ("USAP") (attached as Appendix 2), which establishes a minimum servicing standard for the asset backed securities market in the United States of America. No equivalent of the USAP exists in Australia. The management of the Servicer is responsible for maintaining an effective internal control structure including internal control policies and procedures relating to the servicing of mortgage loans. We have conducted an independent review of the servicing standards contained in the Agreement, in order to express a statement on the Servicer's compliance with them to Interstar Securitisation Management Pty Ltd. Our review of the servicing standards has been conducted in accordance with Australian Auditing Standards applicable to performance audits and accordingly included such tests and procedures as we considered necessary in the circumstances. In conducting our review we have also had regard to the guidance contained in the USAP. These procedures have been undertaken to enable us to report on whether anything has come to our attention to indicate that there has been significant deficiencies in the Servicer's compliance with the servicing standards contained in the Documents for the period from 1 July 2003 to 31 December 2003 in respect of the Trusts. A review is limited primarily to inquiries of company personnel and analytical procedures applied to the financial data. These procedures do not provide all the evidence that would be required in an audit, thus the level of assurance provided is less than given in an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. Our review did not include an assessment of the adequacy of the servicing standards themselves. This statement has been prepared for the use of Interstar Securitisation Management Pty Ltd as at 31 December 2003 in accordance with the requirements of the statement by the Division of Corporation Finance of the Securities and Exchange Commission dated 21 February 2003, and the engagement letter dated 11 October 2004. We disclaim any assumption of responsibility for any reliance on this review statement, to any person other than Interstar Securitisation Management Pty Ltd. STATEMENT Based on our review, which is not an audit, nothing has come to our attention to indicate that; o there has been significant deficiencies in the Servicer's compliance with the servicing standards contained in the Documents attached hereto as Appendix 1, in respect of the Trusts, for the period from 1 July 2003 to 31 December 2003 and; 1 o the servicing standards contained in the Documents are not similar to the minimum servicing standards contained in the Uniform Single Attestation Program for Mortgage Bankers ("USAP"), except for the following: o Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall be mathematically accurate, be prepared within forty-five (45) calendar days after the cutoff date, be reviewed and approved by someone other than the person who prepared the reconciliation and document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification; o Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor's or a mortgagor's account. o Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan; o Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates, as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates; o Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission; o Adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider; o Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis; o Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws; o A fidelity bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in management's assertion. Ernst & Young T J Coyne Partner Melbourne 13 October 2004 2 APPENDIX 1 INTERSTAR SECURITIES (AUSTRALIA) PTY LIMITED (THE "SERVICER") SERVICING STANDARDS A) The following servicing standards are contained in the Investment Management Agreement (IMA) dated 3 December 1999: IMA 2.4 - Records The Servicer will keep or cause to be kept proper separate accounting records and files of the Loans and Loan Securities in relation to each Relevant Trust and provide, collect and maintain such information as the Servicer may from time to time in writing be reasonably required to provide, collect or maintain in respect of those Loans and Loan Securities in order to provide the Services and perform its obligations under this Agreement. Such accounting records and files will be kept at the office of the Servicer or such other place as approved by the Trustee in writing and will be open to the inspection of the Trustee and/or the authorised agents of the Trustee. The Servicer will allow such persons to take copies of any such accounting records and files. IMA 4.1 - Servicing Undertakings The Servicer undertakes that at all times during the Term it will: a) (Notice of default) give notice in writing to the Trustee and the Designated Rating Agency of it becoming aware of the occurrence of any Servicer Transfer Event; b) (Compliance with law) i) maintain in effect all qualifications, consents, licenses, permits, approvals, exemptions, filings and registrations as may be required under any applicable law in order properly to service the Loans and Loan Securities and to perform or comply with its obligations under this agreement; and ii) comply with all Laws in connection with servicing the Loans and Loan Securities; c) (Default) upon becoming aware that any default has occurred in respect of any Loan: i) promptly notify the Mortgage Insurer of that default in accordance with the provisions of the relevant Mortgage Insurance Policy; ii) subject to obtaining the prior consent of the Mortgage Insurer, promptly take such action as the Servicer considers necessary in relation to such default, including: (A) serving any notice of default upon the Obligor or any other party; (B) instituting and conducting legal proceedings against the Obligor or any other party; and (C) taking all necessary steps and engaging all necessary persons to sell the Subject Property pursuant to the exercise of the power of sale authorised by the relevant Loan Security; and iii) otherwise enforce the Loan and Loan Security in accordance with the directions and requirements of the Mortgage Insurer; d) (Insurance Policies) i) enter into: (A) Mortgage Insurance Policies; and (B) General Insurance Policies, for and on behalf of and in the name of the Trustee and/or the mortgagee of a Loan Security whenever required to do so, and ensure that the Trustee's and/or mortgagee's interest is duly noted and/or endorsed upon all such contracts; ii) ensure by its conduct that no Mortgage Insurance Policy or General Insurance Policy in relation to the Loans and Loan Securities become invalid, unenforceable or lapse; and iii) not commit, or allow or cause to be committed, any act or omission whereby any Mortgage Insurance Policy or General Insurance Policy may be rendered void or voidable at the option of the insurer. 3 e) (No Security Interests) not consent to the creation or existence of any Security Interest in favour of a third party in relation to any Mortgaged Property in connection with a Loan and the Loan Security (other than as contemplated by the relevant Transaction Documents): i) without limiting sub-paragraph (e)(ii), unless priority arrangements are entered into with that third party under which the third party acknowledges that the Loan and Loan Security rank ahead in priority to the third party Security Interest on enforcement for an amount not less than the Unpaid Balance of the Loan plus such other amount as the Servicer determines in accordance with its ordinary course of business; or ii) which would rank before or pari passu with the relevant Loan and Loan Security; f) (Vary terms) not agree to any variation, amendment or modification of any of the terms and conditions of any Loan or Loan Security or do any act, matter or thing which could constitute a diminution, restriction, waiver or modification of the Trustee's rights under that Loan or Loan Security without the Trustee's prior written consent. g) (Other miscellaneous things) procure the stamping and registration of all Relevant Documents for each Relevant Trust (including documents which became Relevant Documents) following any amendment, consolidation or other action, and in the case of any registration of any Mortgage that registration will result in the Mortgage having the ranking referred to in the relevant eligibility criteria in the Series Notice. In relation to any Mortgage that is not registered at the relevant Closing Date, the Servicer will procure that it is lodged for registration not later than 30 days after that Closing Date; h) (Setting the Investment Rate) set the Investment Rate in respect of any Relevant Trust as 0.25% higher than the percentage rate of return on the Purchased Loans, and taking into account the percentage rate of return being earned on other Authorised Investments, which it determines will be necessary to ensure that the Trustee has sufficient cash available at all times to enable the Trustee to pay all payments of Interest in respect of the Relevant Trust and otherwise comply with all of the Trustee's duties and obligations under the relevant Transactions Documents as and when they fall due, including payment of any Approved Seller's Fee as and when it falls due. i) (Notification) notify: i) the Trustee and the Trust Manager of any event which it reasonably believes is likely to have an Adverse Effect promptly after becoming aware of such event; and ii) the Trust Manager of anything else which the Trust Manager reasonably requires regarding any proposed modification to the terms of any Loan or Loan Security; j) (Provide information and access on request) provide information reasonably requested by the Trustee or the Trust Manager, with respect to all matters relating to each Relevant Trust and the assets of the relevant Trust, and the Trustee or the Trust Manager believes reasonably necessary for it to perform its obligations under the relevant Transaction Documents, and upon reasonable notice and at reasonable times permit the Trustee to inspect the Data Base in relation to each Relevant Trust and the Relevant Documents; k) (Comply with other obligations) comply with all its obligations under any Transaction Document to which it is a party; l) (Pay taxes) subject to receiving payment from, or being reimbursed by, the relevant Obligor or being indemnified by the Trustee, pay all Taxes that relate to the Services (other than any Tax on the income of a Trust) or ensure those Taxes are paid or where such Taxes are incurred due to the default or breach of duty by the Servicer; m) (Not claim) not claim any Security Interest over any Asset (other than in accordance with the relevant Transaction Documents); n) (Comply with Series Notice) comply with any undertaking specified as an additional Servicer undertaking in a relevant Series Notice, including providing the Trust Manager with any information referred to in that Series Notice; 4 o) (Account to Trustee) regularly account to the Trustee in such manner as prescribed by the Trustee from time to time; p) (Enforce Loans) enforce the Trustee's rights pursuant to or in connection with the Loans in accordance with the directions of the Trustee in that regard and ensure prompt compliance by the Obligor under each Loan; q) (Act as directed by Trustee) take all or any necessary steps which the Trustee may direct the Servicer to take to ensure that the Trustee's rights pursuant to or in connection with the Loans are in no way diminished, restricted or modified; r) (Performing or non-performing Loans) determine whether Loans are performing or non-performing as required by the Master Trust Deed and the Series Notice for the Relevant Trust; and s) (Collect moneys) arrange to collect all moneys paid or payable under the Loans and Loan Securities and pay them into the relevant Collection Account. IMA 5 - Report by Servicer On or before each date which is 3 Business Days before each Payment Date for each Relevant Trust, if so requested by the Trust Manager, the Servicer will prepare and submit to the Trust Manager a report and provide such other information as the Trust Manager reasonably requires to prepare its report (if any) under clause 17.16 of the Master Trust Deed. 5 B) The following servicing standards are contained in the Master Trust Deed (MTD) dated 3 December 1999: MTD Section 17.9: Trust Manager will account to Trustee for moneys received o The Trust Manager will pay to the Trustee, within one Business Day of receipt, all moneys coming into its hands belonging to the Trusts or payable to the Trusts. o The Trust Manager will keep any Assets which it may come to hold from time to time separate from any other property belonging to or entrusted to or held by the Trust Manager. MTD 17.16: Make calculations, co-ordinate and provide reports The Trust Manager shall: o calculate all payments due on any relevant Payment Date; o co-ordinate the issue of relevant Notes and the raising of funds from those issues, or from any SupportFacility; and o as and when required by any Series Notice or other Transaction Document prepare and distribute for each Trust the Trust Manager's Report, o and where relevant (and when the Trust Manager is actually aware that the directions need to be given, including any directions expressly required of it under the Transaction Documents) provide all directions to the Trustee as may be required for the Trustee to comply with its obligations under the Transaction Documents. MTD Section 21.9: Location of bank accounts o (Central bank account) Unless otherwise directed in writing by the Trust Manager, the central bank account of each Trust shall be opened and maintained at a branch of an Approved Bank in Victoria. (Interstate branch bank accounts) The Trustee may, if necessary or desirable for the operation of a Trust, open bank accounts with a branch outside Victoria of an Approved Bank provided that if such accounts are opened it shall enter into arrangements so that as soon as practicable after the receipt of moneys to the credit of such accounts, such moneys are to be transferred to the credit of the central bank accounts of the Trust in Victoria (subject to a direction to the contrary by the Trust Manager under clause 26.2(a)). 6 Appendix 2 - Uniform Single Attestation Program for Mortgage Bankers ("USAP") I. CUSTODIAL BANK ACCOUNTS 1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliation's shall: o Be mathematically accurate; o Be prepared within forty-five (45) calendar days after the cutoff date; o Be reviewed and approved by someone other than the person who prepared the reconciliation; and o Document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification. 2. Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor's or a mortgagor's account. 3. Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor. 4. Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan. II. MORTGAGE PAYMENTS 1. Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt. 2. Mortgage payments made in accordance with the mortgagor's loan documents shall be posted to the applicable mortgagor records within two business days of receipt. 3. Mortgage payments shall be allocated to principal, interest, insurance, taxes or other escrow items in accordance with the mortgagor's loan documents. 4. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor's loan documents. III. DISBURSEMENTS 1. Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel. 2. Disbursements made on behalf of a mortgagor or investor shall be posted within two business days to the mortgagor's or investor's records maintained by the servicing entity. 3. Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates, as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates. 1 4. Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission. 5. Amounts remitted to investors per the servicer's investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements. 6. Unissued checks shall be safeguarded so as to prevent unauthorized access. IV. INVESTOR ACCOUNTING AND REPORTING 1. The servicing entity's investor reports shall agree with, or reconcile to, investors' records on a monthly basis as to the total unpaid principal balance and number of loans serviced by the servicing entity. V. MORTGAGOR LOAN ACCOUNTING 1. The servicing entity's mortgage loan records shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis. 2. Adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider. 3. Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis. 4. Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws. (A compilation of state laws relating to the payment of interest on escrow accounts may be obtained through the MBA's FAX ON DEMAND service. For more information, contact MBA.) VI. DELINQUENCIES 1. Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the entity's activities in monitoring delinquent loans including, for example, phone calls, letters and mortgage payment rescheduling plans in cases where the delinquency is deemed temporary (e.g., illness or unemployment). VII. INSURANCE POLICIES 1. A fidelity-bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in management's assertion. 2 EX-99.3 6 form10k_exh993kd3-101804.txt OFFICER'S CERTIFICATE OF COMPLIANCE Exhibit 99.3 INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED OFFICER'S CERTIFICATE OF COMPLIANCE The undersigned officer of Interstar Securitisation Management Pty Limited, a company organized under the laws of Victoria, Australia ("ISM"), hereby certifies on behalf of ISM and on his own behalf for purposes of the Interstar Millennium Series 2003-3G Trust Class A2 and Class B1 Mortgage Backed Floating Rate Notes (the "Notes"), as follows: 1. I am a duly appointed, qualified and acting Officer of ISM, 2. I am duly authorized to execute and deliver this Officer's Certificate on behalf of ISM; and 3. To the best of my knowledge, the Issuer Trustee has complied with all conditions and covenants under the Transaction Documents, for the Interstar Millennium Series 2003-3G issue of Notes for the period between July 9, 2003 the date on which the Trust issued Notes, to the end of the Trust's fiscal year on December 31, 2003 (such period which includes the first Trust payment date on September 29, 2003). Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Note Trust Deed related to the above-referenced issue of Notes. IN WITNESS WHEREOF, I have signed my name as of October 13, 2004. /s/ Sam Kyriacou - ------------------------------------------- Name: Sam Kyriacou Title: Director, Interstar Securitisation Management Pty Limited EX-99.4 7 form10k_exh994kd3-101804.txt SERVICER OFFICER'S CERTIFICATE OF COMPLIANCE Exhibit 99.4 INTERSTAR SECURITIES (AUSTRALIA) PTY LIMITED SERVICER OFFICER'S CERTIFICATE OF COMPLIANCE The undersigned, a duly authorized representative of Interstar Securities (Australia) Pty Limited, (the "Servicer"), pursuant to the agreement between Perpetual Trustees Victoria Limited, Interstar Securities (Australia) Pty Limited, dated as of December 3, 1999 (the "Agreement"), does hereby certify that: 1. Capitalized terms used but not defined in this Officer's Certificate have their respective meanings set forth in the Agreement, unless the context requires otherwise or unless otherwise defined in the Officer's Certificate. 2. As of the date hereof, Interstar Securities (Australia) Pty Limited is the Servicer of Interstar Millennium Series 2003-3G. 3. This officer's certificate is delivered pursuant to the Agreement. 4. A review of the activities of the Servicer during the period between July 9, 2003 the date on which the Trust issued Notes, to the end of the Trust's fiscal year on December 31, 2003 (such period which includes the first Trust payment date on September 29, 2003) and of its performance under the pooling and servicing agreement or similar agreements was made under my supervision. 5. Based on such review, to my knowledge, the Servicer has fulfilled its obligations under the pooling and servicing agreement or similar agreements relating to the Trust (including the Master Trust Deed dated December 2, 1999 and the Investment Management Agreement dated December 3, 1999), throughout such calendar year and, except as set forth in paragraph 6 below. 6. The following is a description of any exceptions to paragraph 5 above: No significant deficiencies were detected. IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the Servicer, has duly executed this Officer's Certificate this 13th day of October, 2004. INTERSTAR SECURITIES (AUSTRALIA) PTY LIMITED, as servicer /s/ Sam Kyriacou - -------------------------------- Name: Sam Kyriacou Title: Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----