DRIVER AUSTRALIA MASTER TRUST — Capital/Financing Update 2018

Feb 25, 2018

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An investment in the Notes that are the subject of these Final Terms is only suitable for financially sophisticated investors who are capable of evaluating the merits and risks of such investment and who have sufficient resources to be able to bear any losses (including the total loss of the invested amount) which may result from such investment.

Final Terms

26 February 2018

PERPETUAL CORPORATE TRUST LIMITED in its capacity as trustee of the Driver Australia Master Trust

( incorporated with limited liability in Australia with ACN 000 341 533 )

as Issuer

for the issuance of the

A$195,400,000 Series 2016-1 Class A Notes

issued in registered form pursuant to the

A$3,000,000,000 Programme for the Issuance of Notes

These Final Terms are issued to supplement the information in relation to the issue of Class A Notes by Perpetual Corporate Trust Limited in its capacity as trustee of the Driver Australia Master Trust under the A$3,000,000,000 Programme for the issuance of Notes (the " Programme ").

Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Offering Circular. Capitalised terms not otherwise defined herein shall have the meaning specified in the Conditions of the Class A Notes. All references in these Final Terms to numbered Conditions are to be read as reference to the respective Conditions of the Class A Notes.

1	Issue Price:	A$195,400,000
2	Initial Series 2016-1 Class A Note Issue Date:	29 June 2016
3	Further Issue Date:	26 February 2018
4	First occurring Payment Date with respect to the	26 March 2018
	Further Notes of Series 2016-1 Class A Notes subject
	to these Final Terms
5	Class A Series Number:	2016-1
6	Tranche Number:	15
7	Aggregate Nominal Amount of Further Notes of	AUD195,400,000
	Series 2016-1 Class A Notes:
8	Aggregate Nominal Amount of Series 2016-1 Class A	AUD324,300,000
	Notes (including the Notes subject of these Final
	Terms):
9	Maximum Issuance Amount of Series 2016-1 Class A	AUD 500,000,000

Final Terms – Series 2016-1 Class A Notes

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	Notes:	Notes:
10	Series 2016-1 Class A Notes	Interest Rate:	1 monthConditio	BBSW plus the Margin as set out inn 8.3
11	Series 2016-1 Class A Notes(Condition 7.1(c))	Factor	The calcdescribe	ulation of the Notes Factor isd in the relevant definition.
12	Amount on which interest is tIssue Date (Condition 9.1):	o be paid on the Further	AUD128,	900,000
13	Margin (Condition 8.3):		0.95 peraccordan	cent.per annum(as amended ince withCondition 9.5).
14	Series 2016-1 Class A Revol	ving Period Expiration	Payment	Date falling in June 2018 (but
	Date:
15	Series 2016-1 Class A Scheduled Repayment Date(Condition 9.4):		Payment Date falling in February 2022 (or asextended in accordance withCondition 9.5asa consequence of the extension of the Series2016-1 Class A Revolving Period ExpirationDate)
16	Series 2016-1 Class A Final Maturity Date(Condition 9.4):		Payment Date falling in August 2026 (or asextended in accordance withCondition 9.5asa consequence of the extension of the Series2016-1 Class A Revolving Period ExpirationDate)
17	Settlement information:		Not appli	cable.
18	ISIN Code		Not appli	cable.
19	Admission to trading and tota	l expenses:	Applicati2016-1 CTerms toregulated	on has been made for the Serieslass A Notes subject of these Finalbe admitted to trading on themarket of the Australian Securities
			ExchangDate. Thadmissio	e with effect from the Initial Issuee total expenses related to then to trading will amount to Nil.

Final Terms – Series 2016-1 Class A Notes

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