Australia's specialist asset backed securitisation sector has been digesting innovate deals while stocking up on volume in recent weeks, with the positive outlook set to continue.The quarter began with a transaction on almost A$400 million of prime commercial vehicle and equipment loans and leases originated by provider Metro Finance Pty Limited. This was Metro's first ABS transaction for 2019.At about the same time, in early July, the Pepper SPARKZ Trust No.1 launched, of which only the A1-a and class A1-x (class A) notes were rated. The notes are backed by a pool of chattel mortgage, consumer loan, and finance lease contracts originated by Pepper Asset Finance Pty Ltd. This was the first securitisation of auto and equipment assets originated by PAF.Notable amongst the approximately $3 billion in Australian RMBS is the Vermilion Trust No. 1 Bond Series 2019-1 from Columbus Capital -  the first securitisation from a domestic issuer that is backed by fully documented Australian residential mortgage loans provided to non-Australian resident investor borrowers.It was well-received by fixed income investors: the A$136 million A class notes (rated AAA by S&P) priced at the lower end of the 1-month BBSW plus 150 to 175 basis points initial guidance range; the $33 million B class notes (rated AA) were priced at 240bps over BBSW, inside their guidance range of "mid to high 200bps" and the other notes (down to the class E notes) were priced in line with their guided ranges. Pricing of the F and G class notes was not disclosed.Also priced last month was an asset backed transaction, the inaugural Zip Master Trust Series 2019-1, a consumer loan-backed ABS transaction from zipMoney.NAB was the arranger, and made this comment in its Securitisation Insights bulletin: "Launched as a $400m size deal it was upsized to $500m with pricing of the [$180 million] class A1 notes coming in at the lower end of the initial launch guidance of [180 to 200bps over 1-month BBSW]. The other notes were priced in line with their initial launch guidance. Notably, this is (globally as far as we are aware of) the first fintech issuer to establish a revolving master trust secured by buy-now-pay-later receivables."New issues continue apace.On Monday this week, Latitude Finance Australia launched its Latitude Australia Credit Card Loan Note Trust - Series 2019-1, a new asset backed securitisation deal. NAB, one of the joint lead managers, said the deal is expected to be priced today (6 September).Earlier this week, Bluestone Group announced it had mandated several banks (including NAB as arranger and a joint lead manager) for a potential $450m Sapphire XXII Series 2019-2 nonconforming RMBS transaction. "Offshore meetings are to be held next week and domestic meetings the week after," NAB advised investors yesterday. The expected timing for the AUD-denominated transaction is the final week of September.Wingate Consumer Finance Ltd, trading as NOW FINANCE, has also mandated NAB to arrange a series of investor meetings in relation to a potential inaugural transaction, backed by consumer and personal loans. A launch date