EX-99 5 form10k_3ex99-3sf092804.txt EXHIBIT 99.3 - AMENDED BONDHOLDERS REPORT [AMS LOGO OMITTED] 27 September 2004 EXHIBIT 99.3 Officer's Certificate of Compliance in relation to ARMS II Global Fund 3 (the "Fund") This back-up certification is delivered in connection with the certification provided by Gavin Buchanan of Australian Securitisation Management Pty Limited ("ASM") contained in ASM's annual reports filed with the Securities and Exchange Commission (the "SEC"). The undersigned hereby certifies to the best of his or her knowledge and after reasonable investigation that: 1. I, Paul McMahon, am an employee of Wizard Home Loans Pty Limited, which ultimately owns 100% of Australian Mortgage Securities Limited ("AMS"); 2. I, Paul McMahon, am responsible for the servicing and reporting function of ARMS II Global Fund 3; 3. I, Paul McMahon, am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement; 4. I, Paul McMahon, have reviewed the annual report on Form 10-K (the "Form 10-K"), and all reports on Form 8-K, as amended, each attached hereto as Schedule I, of the Fund (together, the "Reports"); and 5. Based upon the review required under the pooling and servicing, or similar, agreement, and except as disclosed in the annual Reports, the servicer has fulfilled its obligations under the servicing agreement. Date: 27 September 2004 /s/ Paul McMahon ------------------------ Paul McMahon Principal Financial Officer Australian Mortgage Securities Limited

(k) AGGREGATE LOSS AMOUNT NIL ---------------------------------------------------------------------------------------------------------------- (m) DELINQUENCY AND LOSSES Delinquency AUD Amount % of of Loans Pool 31 - 60 days 10,746,839 0.64% 61 - 90 days 2,350,871 0.14% 90+ days 335,839 0.02% Losses AUD Mortgage Insurance claims made Nil Mortgage Insurance claims paid Nil Mortgage Insurance claims pending Nil Mortgage Insurance claims denied Nil ----------------------------------------------------------------------------------------------------------------

AUSTRALIAN SECURIT MANAGEMENT PTY ARMS II GLOBAL FUND 3 10-K