Attached files

file filename
EX-35.2 - EX-35.2 - SMART ABS Series 2014-1US Trustd412678dex352.htm
EX-35.1 - EX-35.1 - SMART ABS Series 2014-1US Trustd412678dex351.htm
EX-34.4 - EX-34.4 - SMART ABS Series 2014-1US Trustd412678dex344.htm
EX-34.3 - EX-34.3 - SMART ABS Series 2014-1US Trustd412678dex343.htm
EX-34.2 - EX-34.2 - SMART ABS Series 2014-1US Trustd412678dex342.htm
EX-33.4 - EX-33.4 - SMART ABS Series 2014-1US Trustd412678dex334.htm
EX-33.3 - EX-33.3 - SMART ABS Series 2014-1US Trustd412678dex333.htm
EX-33.2 - EX-33.2 - SMART ABS Series 2014-1US Trustd412678dex332.htm
EX-33.1 - EX-33.1 - SMART ABS Series 2014-1US Trustd412678dex331.htm
EX-31.1 - EX-31.1 - SMART ABS Series 2014-1US Trustd412678dex311.htm
10-K - 10-K - SMART ABS Series 2014-1US Trustd412678d10k.htm

Exhibit 34.1

 

LOGO

Report of Independent Registered Public Accounting Firm

To the management of Macquarie Leasing Pty Limited:

We have examined management’s assertion, included in the accompanying Report on Assessment of Compliance with Regulation AB Servicing Criteria (“Management’s Report”), that Macquarie Leasing Pty Limited (the “Company” or “Asserting Party”) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for the asset-backed securities transactions for which the Asserting Party served as a servicer that are backed by lease contracts, hire purchase contracts and loan contracts in relation to motor vehicle assets that were completed on or after January 1, 2006 and that were registered with the U.S. Securities Exchange Commission pursuant to the Securities Act of 1933 (the “Platform”), as of March 31, 2017 and for the year then ended, excluding the criteria which the Company has determined are not applicable to the servicing activities performed by them with respect to the Platform, as indicated in Appendix A of the Management’s Report. As described in management’s assertion, for servicing criteria 1122(d)(4)(vii) and 1122(d)(4)(viii), the Company has engaged a vendor to perform the activities required by these servicing criteria. The Company has determined that this vendor is not considered a “servicer” as defined in Item 1101(j) of Regulation AB, and the Company has elected to take responsibility for assessing compliance with the servicing criteria applicable to the vendor as permitted by Compliance and Disclosure Interpretation 200.06 of the SEC Division of Corporation Finance’s interpretations of the rules adopted under Regulation AB and the Securities Act and the Exchange Act (“Interpretation 200.06”). As permitted by Interpretation 200.06, the Company has asserted that it has policies and procedures in place designed to provide reasonable assurance that the vendor’s activities comply in all material respects with the servicing criteria applicable to the vendor. The Company is solely responsible for determining that it meets the SEC requirements to apply Interpretation 200.06 for the vendor and related criteria as described in its assertion, and we performed no procedures with respect to the Company’s determination of its eligibility to use Interpretation 200.06. Management is responsible for the Company’s compliance with the servicing criteria. Our responsibility is to express an opinion on management’s assertion based on our examination.

Our examination was conducted in accordance with attestation standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected asset-backed transactions and securities that comprise the Platform, testing of selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the applicable servicing criteria. Our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to detect noncompliance arising from errors that may have occurred prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.

In our opinion, management’s assertion that Macquarie Leasing Pty Limited complied with the aforementioned applicable servicing criteria as of and for the year ended March 31,2017 for the Platform is fairly stated, in all material respects.

/s/ PricewaterhouseCoopers

PricewaterhouseCoopers

Sydney, Australia

June 23, 2017

 

 

PricewaterhouseCoopers, ABN 52 780 433 757

One International Towers Sydney, Watermans Quay, Barangaroo, GPO Box 2650, Sydney, NSW 2001

T: +61 2 8266 0000, F: +61 2 8266 9999, www.pwc.com.au

Liability limited by a scheme approved under Professional Standards Legislation.