UNITED STATES
          SECURITIES AND EXCHANGE COMMISSION
                Washington, D.C. 20549

                       FORM 10-K


(Mark One)

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended  June 30, 2004

                          or

[   ]   TRANSITION REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from
_______________________________ to
______________________


Commission file number  333 -64199

  Westpac Securitisation Management Pty Limited
     In its capacity as trust manager of the
             Series 1999-1G WST Trust
     Australian Business Number 73 081 709 211
  (Exact name of registrant as specified in its
                    charter)


           New South Wales, Australia
(State or other jurisdiction of  incorporation or
                  organization)


98-0181944
---------------
(I.R.S. Employer Identification No.)


Level 25, 60 Martin Place, Sydney, NSW 2000,
  Australia
(Address of principal executive offices)
(Zip Code)


                    +612 9229 8131
 Registrant's telephone number, including area code


Securities registered pursuant to Section 12(b) of
the Act:
None

Securities registered pursuant to section 12(g) of
the Act:
None

Indicate by check mark whether the registrant (1)
has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for
such shorter period that the registrant was
required to file such reports), and (2) has been
subject to such
filing requirements for the past 90 days.

 Yes   X     No

The information required for some items in Form
10-K is "not applicable" to the Trust or the
Trust Manager.  As used in this Annual Report
files on Form 10-K, "not applicable" or
"Not Applicable" means that the response to the
referenced item is omitted in reliance on the
procedures outlined in the numerous no-action
letters issued by the Commission's Staff  with
respect to substantially similar certificates
and trusts that file annual
reports on Form 10-K.

Table of Contents

Part I

 - Item 1. Business
 - Item 2. Properties
 - Item 3. Legal Proceedings
 - Item 4. Submission of Matters to a Vote of
Security Holders

Part II

 - Item 5. Market for Registrant's Common Equity
and Related Stockholder Matters
 - Item 6. Selected Financial Data
 - Item 7. Management's Discussion and Analysis
   of Financial Condition and Results of Operation
 - Item 7A. Quantitative and Qualitative
   Disclosures About Market Risk
 - Item 8. Financial Statements and
   Supplementary Data
 - Item 9. Changes in and Disagreements With
   Accountants on Accounting and Financial
   Disclosure

Part III

 - Item 10. Directors and Executive Officers of
   the Registrant
 - Item 11. Executive Compensation
 - Item 12. Security Ownership of Certain
   Beneficial Owners and Management
 - Item 13. Certain Relationships and Related
   Transactions

Part IV

 - Item 14. Exhibits, Financial Statement
   Schedules, and Reports on Form 8-K


PART I

Item 1. Business.
This Annual Report on Form 10-K relates to the
Series 1999-1G WST Trust (the "Trust") and the
Class A and Class B Mortgage Backed Floating
Rate Notes, Series 1999-1G (the "Notes") issued
pursuant to the Note Trust Deed dated as of
May 13, 1999, between Westpac Securities
Administration Limited, as Trustee
the "Issuer Trustee"); Westpac Securitisation
Management Pty Limited (the "Trust Manager")
as trust manager; and Citibank,London Office,
as Principal Paying Agent.  Capitalised terms
used in this Form 10-K and not defined have
the same meanings ascribed to such terms in
the Prospectus for the above-referenced Notes.
The only business of the Trust is the collection
and distribution of payments on the residential
mortgage loans in the manner described in the
Registration Statement on Form S-11
(File No. 333-64199) (the "Registration Statement").
Accordingly, there is no relevant information
to report in response to Item 101 of Regulation S-K.

Item 2. Properties
The Registrant and the Trust do not have any
physical properties. Accordingly, this item is not
applicable.

Item 3. Legal Proceedings.
The Trust Manager knows of no material legal
proceedings involving any Trust, the Trust Manager,
the Servicer or the Issuer Trustee which were
pending as of June 30, 2004, or as of the date of
this report.

Item 4. Submission of Matters to a Vote of
Security Holders
No votes or consents of Noteholders were solicited
during the fiscal year for any purpose.

PART II

Item 5. Market for Registrant's Common Equity and
Related Stockholder Matters
The Notes are not traded on any nationally
recognised exchange in the United States.  The
Class A Notes are listed and exchanged on the
London Stock Exchange. Since the Trust pays no
dividends with respect to the Notes, the
information required by Item 201 of Regulation S-K
regarding dividends is inapplicable to the Trust.
See Exhibit 99.1 for information with respect
to distributions to Noteholders.

Item 6. Selected Financial Data.
The regular quarterly Noteholders Reports, which
is required to be included with each quarterly
distribution of the Trusts assets to Noteholders,
sets forth for the prior quarter, as well as
cumulatively, all of the relevant financial
information required by the Note Trust Deed to
be reported to Noteholders. The Noteholders
Reports for the Payment Dates in November,
2003, February, 2004, May, 2004 and August, 2004
are incorporated herein by reference and
aggregated totals for the fiscal year are
incorporated herein as Exhibit No. 99.1.
The foregoing presents all relevant financial
information relating to the Trust.  Because of
the limited business activity of the Trust,
the Selected Financial Data specified in Item 301
of Regulation S-K would not provide
any meaningful additional information.

Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operation
Because of the limited business activity of the
Trust, the presentation of Managements Discussion
and Analysis of Financial Condition and Results of
Operations, as otherwise required by Item 303 of
Regulation S-K, would not be meaningful.  All
relevant information is contained in the
Noteholders Reports (filed under Current Reports
on Form 8-K) as described above.

Item 7A. Quantitative and Qualitative Disclosures
About Market Risk
Currency Exchange Control Risk
Interest and principal payments to holders of Class
A Notes are paid in United States dollars
("U.S. dollars"). However payments on the Housing
Loans are received by the Issuer Trustee, in
Australian dollars, in Australia
(the "Collections").  Pursuant to certain swap
agreements (the "Swap Agreements") the Issuer
Trustee is required to pay a portion of the
Collections to certain swap counterparties
(the "Currency Swap Providers") who in turn pays
("Swap Currency Exchange"), at the direction of
the Issuer Trustee, U.S. dollars to the
Noteholders, (the "Currency Swap").  It is
possible that in the future Australia may
impose exchange controls that affect the
availability of Australian dollar
payments for making payments under the
Currency Swap. The holders of the Class A Notes
will bear the risk of the imposition of foreign
exchange controls by the Australian government
that impact upon the Issuer Trustee's
ability to exchange the Collections for U.S.
dollars.  The Issuer Trustee has no control over
such risk, which will generally be affected by
economic and political events in Australia.  If
the Issuer Trustee does not pay some or all of
the amount in Australian dollars which it is
required to pay the Currency Swap Provider under
the Currency Swap, the Currency Swap Provider is
only required to pay the U.S. dollar equivalent
of the amounts it actually receives.  In such
event, it is unlikely that the Trust would have
sufficient U.S. dollars to make the payments
due on the Class A Notes.

The Australian laws that control and regulate or
permit the control and regulation of a broad range
of payments and transactions involving non-residents
of Australia can be summarised as follows:

-Accounts of persons and entities identified by the
Minister for Foreign Affairs as being associated with
terrorism remain frozen, and transactions with these
persons and entities prohibited, under Regulation 6A
of the Charter of the United Nations (Terrorism and Dealings
with Assets) Regulations 2002, made under the Charter
of the United Nations Act 1945.  Details of these Regulations,
and the lists of persons and entities proscribed in terms of
the Regulations, are published in the Commonwealth
Government Gazette and are available on the website
of the Department of Foreign Affairs and Trade at
www.dfat.gov.au/icat/.

-The United Nations Security Council Resolution 1483
(2003) was implemented by way of Notice from the
Governor of the Reserve Bank of Australia pursuant to
the Banking (Foreign Exchange) Regulations 1959 (Cth),
and imposes a number of new measures intended to
facilitate Iraqs reconstruction and rehabilitation, including
obligations on UN Member States to freeze any financial
assets of the previous Iraqi regime and to make such
assets available for a Development Fund for Iraq.
Australias obligations under Resolution 1483 (2003)
were implemented under the Iraq (Reconstruction and
Repeal of Sanctions) Regulations, which commenced
on 29 May 2003.

-Transactions involving individuals associated with the
regime of former President of Yugoslavia Slobodan Milosevic
and certain ministers and senior officials of the Government
of Zimbabwe are prohibited without the specific approval
of the Reserve Bank of Australia under the Banking
(Foreign Exchange) Regulations 1959 (Cth). The Reserve
Bank of Australia publishes changes to prohibited parties
and variations in the restrictions on those parties from time
to time in the Commonwealth Government Gazette.

-Transactions over A$100,000 involving the Embassy
of the Federal Republic of Yugoslavia, the Consulate-General
of the Federal Republic of Yugoslavia or the National Bank
of Yugoslavia require prior approval from the Reserve Bank
of Australia.

Currency Exchange Risk.
Interest and principal on the Notes is payable in
U.S. dollars and the Trust's primary source for
funding its payments on the Class A Notes is its
Collections on the Housing Loans, which will be
sourced in Australian dollars.  If the Currency
Swap Provider were to fail to perform under the
Currency Swap or were to be discharged from such
performance because of a default thereunder by
the Trust, the Trust might have to exchange its
Australian dollars for U.S. dollars at an
exchange rate that is less favourable to the
Trust than when the currency swap was entered
into and might therefore not have sufficient
U.S. dollars to make timely payments on
the Class A Notes, even though the delinquency
and loss experience on the Housing Loans may be
acceptable.

Item 8. Financial Statements and Supplementary
Data
As discussed above, furnishing the financial
information required by Item 8 of Form 10-K would
not add any relevant information to that provided
by the foregoing statements.  Because the Notes
are essentially "pass-through" securities, the
Trust will have "income" only in the limited
sense of collecting payments on the residential
mortgage loans.  The only material items of
"expense" for the Trust will be the amounts paid
as servicing compensation and potentially
certain payments relating to any credit
enhancement facilities.  The Noteholders Reports
(filed under Current Reports on Form 8-K)
provide complete information on the amounts
of the "income" and "expenses" of the Trust.

Item 9. Changes in and Disagreements With
Accountants on Accounting and Financial
Disclosure
none.

PART III

Item 10. Directors and Executive Officers of the
Registrant
Since the Trust will not have any directors
or executive officers, this item is not
applicable.

Item 11. Executive Compensation
Since the Trust will not have any directors or
executive officers, this item is not applicable.

Item 12. Security Ownership of Certain Beneficial
Owners and Management.
The following table sets forth (i) the name and
address of each entity owning more than 5% of the
outstanding principal amount of the Class A Notes
or Class B Notes; (ii) the principal amount of
the Class of Notes owned by each, if known, and
(iii) the percent that the principal amount
of the Class of Notes owned represents of the
outstanding principal amount of the Class of Notes.
The information set forth in the table is based
upon information obtained by the Trust Manager
from the Trustee and from The Depository Trust
Company as of June 30, 2004. The Trust Manager
is not aware of any Schedules 13D or 13G filed
with the Securities and Exchange Commission in
respect of the Notes.

Amount Owned
All dollar amounts are
in thousands

Name and Address
 Principal
 Percent

Class A Noteholders

Bank of New York
One Wall Street
New York,NY 10286

$7,005
 5.33%

BGI/IBT Co
Mcdaniel Koren
980 9th Street, 6th Floor
Sacramento CA, PA 95814

 $11,143
 8.49%


Harris Trust and Savings Bank
11 W.Monroe Street
Chicago, IL 60603

 $10,158
 7.74%

JPMorgan Chase Bank
14201 Dallas Pkwy
Dallas, Tx 75254

 $15,493
 11.80%

State Street Bank and Trust Company
1776 Heritage Drive
Quincy, Ma 02171

 $55,166
 42.01%

Mellon TR
525 William Penn Place
Suite 3418
Pittsburgh, PA 15259

 $25,945
 19.76%

Class B Noteholders

State Street Capital Pty Limited
Level 38
88 Phillip Street
Sydney NSW Australia 2000

 $13684 AUD
 100.00%

Item 13. Certain Relationships and Related
Transactions The Registrant received Trust
Manager Fee payments from the Trust in
accordance with the terms of the Master Trust
Deed and the Series Notice.

PART IV

Item 14. Exhibits, Financial Statement Schedules,
and Reports on Form 8-K
	(a) (1) and (2):
Incorporated herein as  Exhibit 31 is the Civil
Certification from Principal Financial Officer.
Aggregate totals of the Noteholders Reports to
the Trust for the fiscal year ended June 30, 2004,
Copies of the Independent Auditors Annual Sericer
Compliance Certificate, Custodial Services Audit Report
and The Mortgage Company's Officers Certificate
of Compliance are attached hereto and are
incorporated herein by reference as Exhibit
No. 99.1, Exhibit No. 99.2, Exhibit No. 99.3 and
Exhibit No. 99.4, respectively.

	(a) (3)  EXHIBITS
Designation Description	       Method of Filing
Exhibit 31   Section 302 Certification      31
Exhibit 99.1 Aggregate Totals for Fiscal
             Year                         99.1
Exhibit 99.2 Independent Auditor's Annual
             Servicer Compliance
             Certificate                  99.2
Exhibit 99.3 Custodial Services
             Audit Report                 99.3
Exhibit 99.4 Officers Certificate of
             Compliance                   99.4

        (b) On November 29, 2002, February 19,
2003, May 20, 2003 and August 28, 2003 reports
on form 8-K were filed by the company during
the preceding fiscal year in order to provide
the statements for quarterly distributions to
the noteholders. No other reports on form 8-K
have been filed during the last fiscal year
covered by this report.

Documents incorporated by reference
 Form 8-K for the November 19, 2003 Payment Date
 Form 8-K for the February 19, 2004 Payment Date
 Form 8-K for the May 19, 2004, Payment Date
 Form 8-K for the August 19, 2004 Payment Date

Exhibit 31

SECTION 302 CERTFICATION

SERIES 1999-1G WST TRUST

I, Peter Walden, certify that:

1. I have reviewed this annual report on
Form 10-K, and all reports on Form 8-K
containing distribution or servicing reports
filed in respect of periods included
in the year covered by this annual report,
of Series 1999-1G WST Trust;

2. Based on my knowledge, the information in
these reports, taken as a whole, does not
contain any untrue statement of material fact
or omit to state a material fact necessary to
make the statements made, in light of the
circumstances under which such statement were
made, not misleading as of the last day of
the period covered by this annual report;

3. Based on my knowledge, the distribution or
servicing information required to be provided
to the Trustee by the servicer under the
pooling and servicing, or similar, agreement,
for inclusion in these reports is included in
these reports.

4.Based on my knowledge and upon the annual
compliance statement included in the report
and required to be delivered to the trustee in
accordance with the terms of the pooling and
servicing, or similar, agreement, and except
as disclosed in the reports, the servicer has
fulfilled its obligations under the
servicing agreement; and

5.The reports disclose all significant
deficiencies relating to the servicers
compliance with the minimum servicing standards
based upon the report provided by an independent
public accountant, after conducting a review
in compliance with the Uniform Single
Attestation Program for Mortgage Bankers or
similar procedure, as set forth in the pooling
and servicing, or similar, agreement, that
is included in these reports.

In giving the certifications above, I have
reasonably relied on information provided to me
by the following unaffiliated parties:
EDS (Business Process Administration) Pty
Limited and PriceWaterhouseCoopers.


Signature: /s/ Peter Walden

	_____________________________
	22 September 2004

Title: Principal Financial Officer
Westpac Securitisation Management Pty Limited

Exhibit 99.1

       AGGREGATE TOTALS FOR THE FISCAL YEAR
 NOTEHOLDERS REPORT - SERIES 1999-1G WST TRUST

Date of Report- Determination Date 13-Aug-03

Housing Loan Collection Period
                  10-Aug-03 to 09-Aug-04
                 (inclusive) (inclusive)
Days in Collection Period      366
Coupon Period     19-Aug-03 to 19-Aug-04
                 (inclusive)   (exclusive)
Days in Coupon Period          366

3 month BBSW (average)        5.4883%
3 Month USD-LIBOR (average)   1.25813%

Foreign Exchange Rate         0.6550

				      AUD

Available Income               17,216,924.33
Total Available Funds          17,216,924.33
Accrued Interest Adjustment             0
Redraws Made                   49,017,956.06
Redraw Shortfall                        0
Redraw Facility Draw                    0
RFS Issued This Period                  0
Trust Expenses                  864,290.16
Total Payment                  15,343,532.62
Payment Shortfall                       0
Principal Draw This Period              0
Total Principal Draws Outstanding       0
Gross Principal Collections   145,718,780
Principal Collections         96,700,824.54
Excess Available Income         1,873,391
Excess Collections Dist.           1,873,391
Liquidity Shortfall                     0
Liquidity Net Draw / (Repayment)
this period                             0
Remaining Liquidity Shortfall           0
Liquidation Loss                        0
Principal Charge Offs                   0
Prepayment Benefit Shortfall            0
Average Daily Balance         236,378,906
Subordinated Percentage           5.6041%
Initial Subordinated Percentage   2.4400%
Average Yearly Percentage         0.0000%

                  Principal/100,000   Coupon/ 100,000/10,000

Class A      6,764.2752               240.0595   usd
Class B      1,605.7048               275.0129   aud

Stated Amount - AUD Equiv. Percentage Forex % Chargeoffs
Class A    182,855,351.67   94.39586% 1.00000
Class B     12,636,910.78    5.60414%
RFS                          0.00    0.00000
TOTAL      195,492,262.45 100.00000% 100.00000%

Stated Amount - USD            Bond Factor
Class A  119,770,255.34      0.1355020    0.00
Class B       8,277,176.56      0.3744270    0.00
RFS                0.00      0.00         0.00
TOTAL    128,047,431.90      0.0000000   0.00

                                         $A
Scheduled principal              11,260,285
Unscheduled principal           85,440,539
                             ---------------
Principal Collections           96,700,824
                             ---------------

Fixed Rate Housing Loan          38,982,090
Variable Rate Housing Loans     156,510,173
                              ---------------
                                195,492,262
                              ---------------
Exhibit 99.2

INDEPENDENT AUDITORS ANNUAL SERVICER
COMPLIANCE CERTIFICATE TO THE DIRECTORS
OF WESTPAC SECURITISATION MANAGEMENT PTY
LIMITED

SCOPE
We have reviewed Westpac Banking Corporation's
("WBC") and The Mortgage Company Pty Limited's
("TMC" and WBC and TMC each a "Servicer") activities
for the purpose of determining its compliance
with the servicing standards contained in the
agreement between:

-Westpac Banking Corporation as servicer, Westpac
 Securities Administration Limited as Trustee and
 Westpac Securitisation Management Pty Limited
 as Trust Manager dated 12 March 2002, as amended
 (the 2002 Servicing Agreement);

- Westpac Banking Corporation, Westpac Securities
  Administration Limited as Trustee and The
  Mortgage Company Pty Limited as servicer dated
  18 February 1997, as amended ( the "1997
  Servicing Agreement");

( each a "service agreement"), respectively
attached as Appendix 1A and Appendix IB,
in relation to the Series 1998-1G WST Trust,
Series 1999-1G WST Trust and Series 2002-1G WST
Trust  for the year ended 30 June, 2004,
in accordance with the statement by Division of
Corporation Finance of the Securities and
Exchange Commission dated 21 February 2003,
and our engagement letter dated 9 September 2004.

We have reviewed the servicing standards contained
in the Servicing Agreement to enable us to report
on whether those servicing standards are similar
to those contained in the Uniform Single
Attestation Program for Mortgage Bankers (USAP),
attached as Appendix 2, which establishes a minimum
servicing standard for the asset backed securities
market in the United States of America. No
equivalent of the USAP exists in Australia.

Management of the Servicer are responsible for
maintaining an effective internal control structure
including internal control policies and procedures
relating to the servicing of mortgage loans.
We have conducted an independent review of
the servicing standards included in Appendix 1,
in order to express a statement on the Servicers
compliance with them.

Our review of the servicing standards has been
conducted in accordance with Australian Auditing
Standards applicable to performance audits and
accordingly included such tests and procedures
as we considered necessary in the circumstances.
In conducting our review we have also had regard
to the guidance contained in the USAP.  These
procedures have been undertaken to enable us to
report on whether anything has come to our
attention to indicate that there has been
significant deficiencies in the Servicers
compliance with the servicing standards contained
in the Servicing Agreement for the year ended
30 June 2004.

Our review did not include an assessment of the
adequacy of the servicing standards themselves.

This statement has been prepared for the use of
Westpac Securitisation Management Pty Limited
as at 30 June 2004 in accordance with the
requirements of the statement by the Division
of Corporation Finance of the Securities and
Exchange Commission dated 21 February 2003
and the engagement letter dated 9 September 2004.
We disclaim any assumption of responsibility for
any reliance on this review statement, to any
person other than Westpac Securitisation
Management Pty Limited, Westpac Banking Corporation
and The Mortgage Company Pty Limited.

STATEMENT

Based on our review:

- Nothing has come to our attention to indicate
  That there has been any significant deficiencies
  in WBC's compliance with the servicing standards
  contained in the Servicing Agreement attached
  as Appendix 1A, in respect of the Series 2002-1G
  WST Trust for the year ended 30 June 2004; and

- Nothing has come to our attention to indicate
  that there has been any significant deficiencies
  in TMC's compliance with the servicing standards
  contained in the Servicing Agreement attached
  as Appendix 1B, in respect of the Series 1998-1G
  and the Series 1999-1G WST Trust.

- The servicing standards contained in Appendix 1
  are similar to the minimum servicing standards
  contained in the Uniform Single Attestation
  Program for Mortgage Brokers.



PARTNER
PRICEWATERHOUSECOOPERS



DH Armstrong                      Sydney
Partner                      22 September 2004


Appendix 1B

Servicing Undertakings
The Servicer undertakes that at all times during
the Term it will:

(a) (notice of default)
    give notice in writing to the trustee and the
    Designated Rating Agency of it becoming aware
    of the occurrence of any Servicer Transfer Event;

(b) (compliance with law)
     (i) maintain in effect all  qualifications,
         consents, licenses, permits,  approvals,
         exemptions,filings and registrations as
         may be required under any applicable law
         in order properly to service the Receivables
         and  Receivable Securities and to perform or
         comply with its obligations under this
         Agreement; and
    (ii) comply with all Laws in connection with
         servicing the Receivables and Receivable
         Securities where failure to do so would
         have an Adverse Effect;

(c) (Collections)
     (i) in relation to Receivables of which
         Westpac is the legal owner, on request
         from Westpac, assist Westpac to collect
         all moneys due under those Receivables
         and the Receivable Securities; and
    (ii) in relation to Receivables of which the
         Trustee is the legal owner, collect all
         moneys due under those Receivables
         and Receivables Securities,in accordance
         with the standards specified in Clause 2.2,
         and pay them into the relevant Collections
         Account not later than the time that
         Westpac would be required to do so under
         Clause 6.

(d) (Material Default)
     if a Material Default occurs  in respect
     to a Receivable, take such action in
     accordance with the Servicer's normal
     enforcement procedures to enforce the
     relevant Receivable and the Receivable
     Security to the extent that the Servicer
     determines that enforcement procedures
     should be taken;

(e) (Insurance Policies)
    (i) act in accordance with the terms of any
        Mortgage Insurance Policies;
   (ii) not do or omit to do anything which could
        be reasonably expected to prejudicially
        affect or limit its rights or the rights of
        the Trustee under or in respect of a
        Mortgage Insurance Policy to the extent
        those rights relate to a Receivable and
        the Receivable Security;
  (iii) promptly make a claim under any Mortgage
        Insurance Policy when it is entitled to
        do so; and promptly notify the Trust
        Manager then each such a claim is made.

(f) (no Security Interests)
    not consent to the creation or existence of
    any Security Interest in favour of a third
    party in relation to any Mortgaged Property
    in connection with a Receivable and the
    Receivable Security:

   (i) without limiting paragraph (f)(ii), unless
       priority arrangements are entered into with
       that third party under which the third party
       acknowledges that the Receivable and
       Receivable Security ranks ahead in priority
       to the third party Security Interest on
       enforcement for an amount not less
       than the Unpaid Balance of the Receivable
       plus such other amount as the Servicer
       determines in accordance with the Procedures
       Manual or its ordinary course of business; or
  (ii) which would rank before or pari passu with the
       relevant Receivable and Receivable Security;

(g) (release of debt or vary terms)
    not, except as required by Law, release
    an obligor from any amount owing in respect
    of a Receivable or otherwise vary or discharge
    any Receivable or Receivable Security or enter
    into any agreement or arrangement which has the
    effect of altering the amount payable in
    respect of a receivable or Receivable Security
    where it would have an Adverse Effect;

(h) (binding provisionsand orders of a competent
     authority)
     release any Receivable or Receivable Security,
     reduce the amount outstanding under or vary
     the terms of any Receivable or grant other
     relief to an obligor, if required to do so
     by any Law or if ordered to do so by a court,
     tribunal, authority, ombudsman or other entity
     whose decisions are binding on the Servicer.
     If the order is due to the Servicer breaching
     any applicable Law then the Servicer must
     indemnify the Trustee for any loss the Trustee
     may suffer by reason of the order. The amount
     of the loss is to be determined by agreement
     with the Trustee or failing this, by the
     Servicer's external auditors;

(i)  (other miscellaneous things)
     attend to the stamping and registration of
     all Relevant Documents for each Relevant Trust
     (includ-ing documents which became Relevant
     Documents)following any amendment, consolidation
     or other action, and in the case  of any
     registration  of any Mortgage that  registration
     must result in the Mortgage having the ranking
     referred to in the relevant eligibility criteria
     in the Series Notice.In relation to any Mortgage
     that is not registered at the relevant
     Closing Date, the Servicer shall ensure that it
     is lodged for registration not later than 120 days
     after that Closing Date;

(j)  (setting the Interest Rate)
      (i) the Servicer shall set the interest rate on
          the Receivables in accordance with the
          requirements of the Series Notice; and
     (ii) subject to the relevant Series Notice, if the
          Trustee has perfected its title to the
          Receivables or Receivable Securities and
          the Trustee is entitled to vary the interest
          rate in accordance with the terms of the
          Receivables, the Servicer shall, in accordance
          with the terms of the Receivables, set and
          maintain the interest rate on the relevant
          Receivables at or above the relevant
          Threshold Rate as advised by the Trust
          Manager in accordance with the Master
          Trust Deed and the Series Terms and
          promptly notify the relevant Obligors;

(k) (notification)
          notify:
      (i) the Trustee and the Trust Manager of
          any event which it reasonably believes
          is likely to have an Adverse Effect
          promptly after becoming aware of
          such event; and
     (ii) the Trust Manager of anything else
          which the Trust Manager reasonably
          requires regarding any proposed
          modification to any Receivable or
          Receivable Security.

(l)  (provide information and access on request)
      provide information reasonably requested
      by the Trustee or the Trust Manager, with
      respect to all matters relating to each
      Relevant Trust and the assets of the relevant
      Trust, and the Trustee or the Trust Manager
      believes reasonably necessary for it to
      perform its obligations under the relevant
      Transaction Documents, and upon
      reasonable notice and at reasonable times
      permit the Trustee to enter the Premises and
      inspect the  Data Base in relation to each
      Relevant Trust and the Relevant Documents;

(m) (comply with other obligations)
      comply with all its obligations under any
      Transaction Document to which it is a party,
      where a failure to do so would result in an
      Adverse Effect;

(n) (pay taxes)
      subject to receiving payment from, or being
      reimbursed by, the relevant obligor or being
      indemnified by the Trustee, pay all Taxes
      that relate to the Services (other than
      any Tax on the income of a Trust) or ensure
      those Taxes are paid or where such Taxes are
      incurred due to the default or breach of duty
      by the Servicer;

(o) (not claim)
     not claim any Security Interest over any Asset;

(p) (availability of Data Base)
     make the Data Base that relates to the Services
     available for inspection by the Trustee at
     any reasonable time;

(q) (comply with Series Notice)
     comply with any undertaking specified as an
     additional Servicer undertaking in a relevant
     Series Notice, including, without limitation,
     providing the Trust Manager with any information
     referred to in that Series Notice;

(r) (insurances)
    ensure that the Premises are appropriately
    insured for fire and public risks,and that it
    has appropriate directors and officers
    insurance;

(s) (additional amounts)
     notify Westpac and the Trust Manager immediately
     of each request by an Obligor to borrow further
     moneys under or in relation to a Receivable or
     Receivable Security which is a "top-up" and
     which the servicer has approved; and

(t) (comply with Trust Back)
     apply any moneys it receives  in relation to
     any Other Secured Liability in accordance with
     the relevant Trust Back in accordance with the
     directions of the Trustee.

Appendix  2

USAP (UNITED STATES)

Mortgage Principal, Interest and Amortization
Minimum Servicing Standards

1. Reconciliations shall be prepared on a
   monthly basis for all custodial bank accounts
   and related bank clearing accounts.  These
   reconciliations shall:
   - be mathematically accurate;
   - be prepared within forty five (45) calendar
     days after the cutoff date;
   - be reviewed and approved by someone other
     than the person who prepared the reconciliation;
     and
   - document explanations for reconciling items.
     These reconciling items shall be resolved within
     ninety (90) calendar days of their original
     identification.

2. Funds of the servicing entity shall be advanced
   in cases where there is an overdraft in an
   investors or a mortgagors account.
   (Suggested procedures for this MSS are located
   in the "Disbursements" Section below.)

3. Each custodial account shall be maintained at a
   federally insured depository institution in trust
   for the applicable investor.To replace "a
   federally  insured depository institution
   with an approved deposit taking
   institution with a stipulated rating from a
   rating agency

4. Escrow funds held in trust for a mortgagor
   shall  be returned to the mortgagor within
   thirty (30) calendar days of payoff of the
   mortgage loan.(Suggested procedures to test
   this MSS are located in the Mortgage Payments
   Section below.)

Mortgage Payments

Minimum Servicing Standards

1. Mortgage payments shall be deposited into the
   custodial bank accounts and related bank clearing
   accounts within two business days of receipt.

2. Mortgage payments made in accordance with
   the mortgagors loan documents shall be posted
   to the applicable mortgagor records within two
   business days of receipt.

3. Mortgage payments shall be allocated to principal,
   interest, insurance, taxes or other escrow items
   in accordance with the mortgagors loan
   documents.

4. Mortgage payments identified as loan payoffs
   shall be allocated in accordance with the
   mortgagors loan documents.

Disbursements

Minimum Servicing Standard

1. Disbursements made via wire transfer on behalf
   of a mortgagor or investor shall be made only
   by authorized personnel.

2. Disbursements made on behalf of a mortgagor
   or investor shall be posted within two business
   days to the mortgagors or investors records
   maintained by the servicing entity.

3. Tax and insurance payments shall be made on
   or before the penalty or insurance policy
   expiration dates, as indicated on tax bills and
   insurance premium notices, respectively,
   provided that such  support has been received
   by the servicing entity at least thirty (30)
   calendar days prior to these dates.

4. Any late payment penalties paid in conjunction
   with the payment of any tax bill or insurance
   premium notice shall be paid from the servicing
   entitys funds and not charged to the mortgagor,
   unless the late payment was due to the
   mortgagors error or omission.

5. Amounts remitted to investors per the servicers
   investor reports shall agree with canceled checks
   or other form of payment, or custodial bank
   statements.

6. Unissued checks shall be safeguarded so as to
   prevent unauthorized access.

Investor Accounting and Reporting

Minimum Servicing Standard

The servicing entitys investor reports shall agree
with, or reconcile to, investors records on a
monthly basis as to the total unpaid principal
balance and number of loans serviced by the
servicing entity.

Mortgage Loan Accounting

Minimum Servicing Standard

1. The servicing entitys mortgage loan records
   shall agree with, or reconcile to, the records
   of mortgagors with respect to the unpaid
   principal balance on a monthly basis.

2. Adjustments on ARM loans shall be computed
   based on the related mortgage note and any
   ARM rider Mortgage loans can be taken out at
   a variable rate or fixed rate, nominated by the
   mortgagor. Any adjustments will be as stated
   in the mortgage  loan document.

3. Escrow accounts shall be analyzed, in accordance
   with the mortgagors loan documents, on at least
   an annual basis. (Suggested procedures for this
   MSS are located in the Disbursements Section
   above).

4. Interest on escrow accounts shall be paid, or
   credited, to mortgagors in accordance with the
   applicable state laws.  (A compilation of state
   laws relating to the payment of interest on escrow
   accounts may be obtained from National FSI by
   contacting Medgine Bocage at (212) 773-2397.
   Suggested procedures for this MSS are located
   in the Disbursements Section above.)


Delinquencies

Minimum Servicing Standards

Records documenting collection efforts shall
be maintained during the period a loan is in
default and shall be updated at least monthly.
Such records shall describe the entitys activities
in monitoring delinquent loans including,
for example, phone calls, letters and mortgage
payment rescheduling plans in cases where
the delinquency is deemed temporary (e.g.,
illness or unemployment).

Insurance Policies

Minimum Servicing Standards

A fidelity bond and errors and omissions policy
shall be in effect on the servicing entity
throughout the reporting period in the amount
of coverage represented to investors in
managements assertion.This type of
representations are not given in Australia.
Certain non-rated servicing entities may have
indemnity insurance.

Exhibit 99.3


           PRICEWATEHOUSECOOOPERS LETTERHEAD


Westpac Securities Administration Limited
4th Floor, Endeavour House
50 Pitt Street
SYDNEY, NSW 2000
Attention: Mr Robert Hamilton

The Mortgage Company Pty Limited
Level 25
60 Martin Place
Sydney NSW 2000
Attention: Mr Andrew Carriline


Dear Sirs

Scope

We have audited the control procedures of
The Mortgage Company Pty Limited
(the "Servicer") in relation to its role as
custodian as at February 2004 in order to
express an opinion about their effectiveness
based upon the requirements of Clause 3.3 of
the Westpac Securitisation Trusts ("WST")
Servicing Agreement (the " Agreement").

The control procedures operating in relation
to the Series 1999-1 G WST Trust were audited
as part of the overall custody audit of the
WST Securitisation Program.

Unless otherwise defined, terms and phrases
have the same definition as those appearing
in the WST Transaction Documents.

The criteria required by Schedule 2 of the
Agreement are that:

1.   the custodial duties and responsibilities
     of the Servicer, as outlined in Section 3
     of the Agreement, are met;

2.   the Relevant Documents are capable of
     identification, segregated by reference
     to the relevant Portfolio of Receivables
     and from other mortgage title documents
     held by the Servicer;

3.   the Relevant Documents may not be removed
     or tampered with except with appropriate
     authorisation; and

4.   an appropriate tracking system is in place
     such that the location of the Relevant
     Documents can be detected
     at any time.

5.   the Security Packets contain the Relevant
     documents which the Series Terms indicate
     that they should ( including, as
     a minimum,The Receivable Security documents,
     and any certificate of Title if issued)Based
     on a review of a sample of Security Packets.

The Servicer, under the delegation of the Trustee,
is responsible for maintaining an effective
internal control structure for the custodial
operations of Series 1999-1 G WST Trust. We have
conducted an independent audit of the control
procedures in order to express an opinion on
them to the Trustee and the Servicer.

Our audit of the control procedures has been
conducted in accordance with Australian Auditing
Standard AUS 810 "Special Purpose Reports on the
Effectiveness of Control Procedures" and
accordingly included such tests and procedures as
we considered necessary in the circumstances.
These procedures have been undertaken to form an
opinion whether in all material respects, the
control procedures in relation to the Servicer's
role as custodian were adequately designed so as
to achieve the criteria referred to above, and
were operating effectively at the time of our
audit.

This report has been prepared for distribution to
the Trustee and the Servicer for the purpose of
monitoring the Servicer's custodial role. We
disclaim any assumption of responsibility
for any reliance on this report to any person
other than those mentioned, or for any purpose
other than that for which it was prepared.

Inherent Limitations

Because of the inherent limitations of any
internal control structure it is possible that
errors or irregularities may occur and not be
detected. Further, the internal control
structure, within which the control procedures
that we have audited operate, has not been
audited and no opinion is expressed as to its
effectiveness.

An audit is not designed to detect all
weaknesses in control procedures as it is not
performed continuously throughout
the period and the tests performed are on a
sample basis.

Any projection of the evaluation of control
procedures to future periods is subject to the
risk that the procedures may become inadequate
because of changes in conditions,
or that the degree of compliance with them
may deteriorate.

The audit opinion expressed in this report
has been formed on the above basis.

Findings

No errors were detected during our audit. On
the basis of these findings and in accordance
with schedule 2 of the agreement, we grade the
custodial performance of the servicer as Good
as defined in schedule 2 of the agreement
i.e all control procedures and accuracy of
information in respect of Relevant Documents
completed without exception, other than
immaterial and occasional variances.

Audit Opinion

In our opinion the Servicer maintained, in all
material respects, effective control procedures
in relation to the custodial operations of the
WST Securitisation Program, which includes
Series 1999-1G WST Trust, as at  February
2004 based on the criteria referred to above.


  /s/   PricewaterhouseCoopers
--------------------------------------
PricewaterhouseCoopers
Chartered Accountants

  /s/   MJ Codling
-----------------------

Partner
 Sydney, 16 March 2004



Exhibit 99.4

  THE MORTGAGE COMPANY PTY LIMITED
   CERTIFICATE OF COMPLIANCE

OFFICERS CERTIFICATE OF COMPLIANCE

The undersigned, a duly authorised representative of
The Mortgage Company, acting as Servicer (the Servicer),
pursuant to the Servicing Agreement between
Westpac Banking Corporation, Westpac Securities
Administration Limited as Trustee and The Mortgage
Company Pty Limited as Trust Manager dated
18 February 1997, as amended (the Agreement),
certifies that:

1. As of the date hereof, The Mortgage Company Pty
   Limited is the Servicer of Series 1999-1G
   WST Trust.

2. A review of the activities of the Servicer
   during the calendar year ending 30 June 2004
   and its performance under the pooling and
   servicing agreement or similar agreements has
   been made under my supervision.

3. Based on such review, to my knowledge and after
   making appropriate enquiries,the Servicer has
   fulfilled its obligations under the pooling and
   servicing agreement or similar agreements
   relating to the Trust throughout the financial
   year ended 30 June 2004, except as may be set
   forth in paragraph 4 below.

4. The following is a description of any exceptions
   to paragraph 3. above:
   None.

Capitalised terms used but not defined in this
Officers Certificate have their respective
meanings set forth in the Agreement, unless the
context requires otherwise or unless otherwise
defined in the Officers Certificate.

IN WITNESS WHEREOF, the undersigned has duly
executed
this Officers Certificate
this 9th day of September, 2004.



              Andrew Carriline
       The Mortgage Company Pty limited


SIGNATURES

Pursuant to the requirements of Section 13 or 15(d)
of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly
authorized.

(Registrant) Westpac Securitisation Management Pty Limited
____________________________________________________


By /s/ Peter Walden - Director
____________________________________________________
 22 September 2004



Pursuant to the requirements of the Securities
Exchange Act of 1934, this report has been signed
below by the following persons on behalf of the
registrant and in the capacities and on the dates
indicated.


By /s/ Christopher Bannister - Director
____________________________________________________
 22 September 2004



By /s/ Curt Zuber - Director
____________________________________________________
 22 September 2004