EXHIBIT 99.1
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Bond Trust ARMS II GLOBAL FUND 2
Deed
Schedule 8
Reference BONDHOLDERS REPORT
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REPORTING DATES
Cut-Off Date September 30, 2004
Determination Date October 7, 2004
Payment Date October 12, 2004
Start Interest Period July 12, 2004
End Interest Period October 11, 2004
No of Days in Interest Period 92
Start Calculation Period July 1, 2004
End Calculation Period September 30, 2004
No of Days in Calculation Period 92
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SECURITIES ON ISSUE Amount Amount
(US$) (A$)
CLASS A BONDS
Initial Face Value 1,000,000,000 1,428,571,429
Previous Principal Distribution 135,100,000 193,000,000
Principal Distribution for current calculation period 46,700,000 66,714,286
Total Principal Distribution to date 181,800,000 259,714,286
Beginning Principal Amount 864,900,000 1,235,571,429
(a) Ending Principal Amount 818,200,000 1,168,857,143
less Unreimbursed Charge-offs - -
Beginning Stated Amount 864,900,000 1,235,571,429
(a) Ending Stated Amount 818,200,000 1,168,857,143
CLASS B BONDS
Initial Face Value 33,500,000 47,857,143
Previous Principal Distribution - -
Principal Distribution for current calculation period - -
Total Principal Distribution to date - -
Beginning Principal Amount 33,500,000 47,857,143
(a) Ending Principal Amount 33,500,000 47,857,143
less Unreimbursed Charge-offs - -
Beginning Stated Amount 33,500,000 47,857,143
(a) Ending Stated Amount 33,500,000 47,857,143
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INTEREST RATE FOR ACCRUAL PERIOD Libor / Interest Interest
Bank Bill Rate Margin Rate
USD
Class A Bonds 1.59000 0.25000 1.84000
Class B Bonds 1.59000 0.75000 2.34000
AUD
Class A Bonds (payable to Currency Swap Provider) 5.4583 0.4229 5.8812
Class B Bonds 5.4583 0.9731 6.4314
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DISTRIBUTIONS PAYABLE ON PAYMENT DATE $US $A
Interest Entitlement:
(b) Class A Bonds 4,067,000 18,315,921
(b) Class B Bonds 200,330 775,795
Principal Repayment:
(c) Class A Bonds 46,700,000 66,714,286
(c) Class B Bonds - -
Total:
Class A Bonds 50,767,000 85,030,207
Class B Bonds 200,330 775,795
Total
50,967,330 85,806,002
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Bond Trust ARMS II GLOBAL FUND 2
Deed
Schedule 8
Reference BONDHOLDERS REPORT
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POOL FACTORS Last Current
Distribution Distribution
Date Date
(h) Class A Bonds 0.8649 0.8182
Class B Bonds 1.0000 1.0000
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(d) INCOME COLLECTIONS FOR CALCULATION PERIOD 23,361,339
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AVAILABLE AMORTISATION AMOUNT $AUD
(i) Scheduled Principal Collections 2,242,581
(i) Unscheduled Principal Collections 99,417,702
Gross Principal Collections 101,660,283
less
(g) Redraw Advances, Line of Credit Advances and
Permitted Further Advances 34,907,807
(e) Net Principal Collections 66,752,476
Application of Cash Reserve and Advances
Reserve as Available Amortisation Amount (38,190)
(l) Charge-offs and Unreimbursed Charge-offs 0
(f) Available Amortisation Amount 66,714,286
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PORTFOLIO INFORMATION
(based on Loans forming part of the Assets of
the Fund as at the last day of the Calculation Period)
(j) Aggregate Face Value of Loans 1,212,481,918
Total number of Loans 4,722
Average Loan Balance 256,772.96
Weighted Average LVR 71.85
Seasoning NO OF LOANS % TOTAL BALANCE % BY BALANCE
0 - 6 months -- 0.00% -- 0.00%
6 - 12 months -- 0.00% -- 0.00%
12 - 18 months 4,217 89.31% 1,081,599,897 89.21%
18 - 24 months 317 6.71% 85,590,054 7.06%
24 - 36 months 147 3.11% 37,018,919 3.05%
36 - 48 months 19 0.40% 5,157,739 0.43%
48 - 60 months 3 0.06% 772,492 0.06%
> than 60 months 19 0.40% 2,342,817 0.19%
4,722 100.0% 1,212,481,918 100.00%
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(k) AGGREGATE LOSS AMOUNT NIL
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(m) DELINQUENCY AND LOSSES
DELINQUENCY AUD AMOUNT % OF
OF LOANS POOL
31 - 60 days 10,791,089 0.89%
61 - 90 days 2,788,708 0.23%
90+ days 8,366,125 0.69%
LOSSES AUD
Mortgage Insurance claims made Nil
Mortgage Insurance claims paid Nil
Mortgage Insurance claims pending Nil
Mortgage Insurance claims denied Nil
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