SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 6-K/A

                       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 Calculation Period ending December 31, 2003


                AUSTRALIAN SECURITISATION MANAGEMENT PTY LIMITED,
                    (in its capacity as trust manager for the
                             ARMS II GLOBAL FUND 2)
          ------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


       LEVEL 6, 12 CASTLEREAGH STREET, SYDNEY, NEW SOUTH WALES, 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 October 30, 2003, Australian  Securitisation Management Pty Limited,
in its  capacity as Trust  Manager  (the "Trust  Manager") of the ARMS II Global
Fund 2 (the "Fund"), publicly issued US$1,000,000,000 of Class A Mortgage Backed
Floating  Rate  Bonds  due  October  10,  2034  (the  "Bonds")   pursuant  to  a
registration  statement (No. 333-108887) declared effective on October 23, 2003.
Australian  Securitisation  Management  Pty  Limited  was  the  manager  for the
issuance of the Bonds.  Capitalized  terms used in this Form 6-K and not defined
have the same meanings given to them in the prospectus related to the Bonds.

         On  January  12 , 2003,  the  Payment  Date,  the Fund  made a  regular
quarterly  distribution  of  principal  and interest to the holders of the Bonds
issued by the Fund.



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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  ARMS II  Global  Fund 2, by the  undersigned,  thereunto  duly
authorized.

                              Australian Securitisation Management Pty Limited,
                              (in its capacity as trust  manager for the ARMS II
                              Global Fund 2) (Registrant)



Dated: August 16, 2004


                              By:   /S/  LINDA LAZNIK
                                 -----------------------------------------------
                                 Name:   Linda Laznik
                                 Title:  Treasurer



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                                  EXHIBIT INDEX



EXHIBIT                DESCRIPTION
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99.1          Bondholders' Report Related to the January 12, 2004 Distribution


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