SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Period ending September 2003
INTERSTAR SECURITISATION MANAGEMENT PTY LIMITED,
(in its capacity as trust manager for the
Interstar Millenium Series 2003-1G Trust)
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(Exact name of Registrant as specified in its Charter)
LEVEL 28, 367 COLLINS STREET, MELBOURNE, VICTORIA, 3000, AUSTRALIA
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(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
Arcturus Management Pty Limited, the parent company of Interstar
Securities Holdings Pty Limited ("Interstar"), has entered into a call option
arrangement with ZCM Australia Asset Holdings Limited to acquire all of the
issued shares of Interstar, the parent company of Interstar Securitisation
Management Pty Limited (the "Trust Manager") and Interstar Securities
(Australia) Pty Limited (the "Servicer").
On 1 September 2003, the Challenger Financial Services Group Limited
entered into a share sale and purchase agreement (the "Agreement") with ZCM Asia
Holdings Pty Limited ("ZCM") to acquire the assets of ZCM's Australian Principal
Finance business. The Agreement is due to be effective by 30 September 2003.
In connection with the sale of its Australian principal finance
business, ZCM will sell 100% of the shares in ZCM Australia Asset Holdings
Limited to Challenger Financial Services Group Limited. Challenger Financial
Services Group Limited is expected to direct ZCM Australia Asset Holdings
Limited to exercise its option to acquire all of the shares of Interstar under
the call option arrangement as soon as practicable after the Agreement is
settled. Once this has occurred, the Trust Manager and the Servicer will be
wholly-owned subsidiaries of Challenger Financial Services Group Limited.
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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 2003-1G Trust, by the undersigned,
thereunto duly authorized.
Interstar Securitisation Management Pty
Limited, (in its capacity as trust
manager for the Interstar Millennium
Series 2003-1G Trust) (Registrant)
Dated: September 18, 2003
By: /S/ SAM KYRIACOU
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Name: Sam Kyriacou
Title: Chief Executive Officer
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