DRIVER AUSTRALIA MASTER TRUST — Capital/Financing Update 2018

Jan 1, 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

27 December 2017

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$12,300,000 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$12,300,000
2	Initial Issue Date:	29 June 2016
3	New Issue Date:	27 December 2017
4	First Payment Date with respect to the Further Notes	25 January 2018
	of Series 2016-1 Class A Notes:
5	Class A Series Number:	2016-1
6	Tranche Number:	13
7	Aggregate Nominal Amount of Further Notes of	AUD12,300,000
	Series 2016-1 Class A Notes:
8	Aggregate Nominal Amount of Series 2016-1 Class A	AUD117,700,000
	Notes (including the Notes subject of these Final
	Terms):
9	Maximum Issuance Amount of Series 2016-1 Class A	AUD 500,000,000
	Notes:

Final Terms – Series 2016-1 Class A Notes

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10	Series 2016-1 Class A Notes Interest Rate:	1 month BBSW plus the Margin as set out inCondition 8.3
11	Series 2016-1 Class A Notes Factor(Condition 7.1(c))	The calculation of the Notes Factor isdescribed in the relevant definition.
12	Amount on which interest is to be paid on the NewIssue Date (Condition 9.1):	AUD105,400,000
13	Margin (Condition 8.3):	0.95 per cent.per annum(as amended inaccordance withCondition 9.5).
14	Series 2016-1 Class A Revolving Period ExpirationDate:	Payment Date falling in June 2018 (butexcluding) (or as extended in accordance withCondition 9.5).
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 applicable.
18	ISIN Code	Not applicable.
19	Admission to trading and total expenses:	Application has been made for the Series2016-1 Class A Notes subject of these FinalTerms to be admitted to trading on theregulated market of the Australian SecuritiesExchange with effect from the Initial IssueDate. The total expenses related to theadmission to trading will amount to Nil.

Final Terms – Series 2016-1 Class A Notes

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