GMAC and GE Money look likely to steer a portion of their remaining funding for car and truck dealers through the financing trust supported by the Australian government.The need to support Ford Credit, as well as GMAC and GE (both of which announced plans to exit floor plan financing in late 2008) has forced the government to activate the Car Dealer Financing Special Purpose Vehicle, an entity also dubbed OzCar.The trust requires legislation to back up the government guarantee over agreed investments by ANZ, Commonwealth, National and Westpac banks in the trust. The explanatory memorandum for the bill introduced to help establish the trust states that the overall contingent liability for the Australian government is estimated to be around $550 million, comprising around 45 percent of the remaining GE Money Motor Solutions and GMAC loan books and 85 per cent of the Ford Credit loan book.The trust will be available to advance loans to new financiers until June 2010 but may not be used for retail financing.