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, 2002

                          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 -32944

     Westpac Securitisation Management Pty Limited
        In its capacity as trust manager of the
               Series 2002-1G 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 (1) 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 2002-1G WST Trust (the "Trust") and the Class
A and Class B Mortgage Backed Floating Rate Notes,
Series 2002-1G (the "Notes") issued pursuant to the
Note Trust Deed dated as of March 14, 2002, 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-3 (File No.
333-32944) (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. Information regarding the
residential mortgage loans is furnished under
Item 14 - Exhibit 99.2.

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, 2002, 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 Report for the Payment Date in June,
2002 is 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 Report (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.

Under temporary Australian foreign exchange controls,
which may change in the future, buying, borrowing,
selling, lending or exchanging foreign currency (where
the transaction relates to property, securities or
funds) by an Australian resident to, or on behalf of
the following payees is subject to restrictions:

-  the Government of Iraq or its agencies or nationals;
-  certain persons including supporters of the former
 Milosevic regime;
-  the Embassy of the Federal Republic of Yugoslavia ;
-  the Consulate-General of the Federal Republic of
 Yugoslavia;
-  Narodna Banka Jugoslavije;
-  the National Union for Total Independence of Angola
 as an organization, senior officials of UNITA or
 adult members of the immediate families of senior
 officials of UNITA.

Under the Charter of the United Nations (Anti-terrorism
Measures) Regulations 2001 (the "UN Regulations") (as
administered by the Department of Foreign Affairs and
Trade in Australia), restrictions exist in relation
to dealings with the assets of persons or entities
mentioned in paragraph 1(c) of United Nations Security
Council Resolution 1373 (2001), as proscribed by the
Minister for Foreign Affairs in Australia pursuant
to Regulation 7 of the UN Regulations.

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 Report (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 August 28, 2002. 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
925 Patterson Plank Road
Secaucus, NJ 07094

$62,000
 5.56%

Barclays Global Investors N.A.
980 9th Street
New York, NY 10005

$94,000
 8.42%

Citibank, N.A.
3800 Citicorp Center Tampa
Tampa, FL 33610-9122

 $215,400
 19.30%

JPMorgan Chase Bank
14201 Dallas Pkwy
Dallas, Tx 75254

 $287,500
 25.76%

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

 $249,000
 22.31%

Class B Noteholders

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

 $25,000 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 99.1 are the aggregate totals
of the Noteholders Reports to the Trust for the fiscal
year ended June 30, 2002.  Copies of the Officers Certificate
of Compliance are attached hereto and are incorporated
herein by reference as Exhibit No. 99.2. A Custodial Services
Audit Report is not included due to the first audit date being
in March 2003.
	(a) (3)  EXHIBITS
Designation	Description	             Method of Filing
Exhibit 99.1	Aggregate Totals for Fiscal Year        99.1
Exhibit 99.2	Officers Certificate of Compliance	99.2

        (b) On June 6, 2002 a report 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 June 5, 2002 Payment Date

Exhibit 99.1

        AGGREGATE TOTALS FOR THE FISCAL YEAR
     NOTEHOLDERS REPORT - SERIES 2002-1G WST TRUST

Housing Loan Collection Period  15-Feb-02 to 20-May-02
                              (inclusive)   (inclusive)
Days in Collection Period         95
Coupon Period                   14-Mar-02 to 05-Jun-02
                              (inclusive)   (exclusive)
Days in Coupon Period            83

3 month BBSW (average)        4.3537%
3 Month USD-LIBOR (average)   1.98258%

Foreign Exchange Rate         0.5201

				      AUD

Available Income               24,458,618
Total Available Funds          34,765,821
Accrued Interest Adjustment     8,787,700
Redraws Made                   61,747,076
Redraw Shortfall                        0
Redraw Facility Draw                    0
RFS Issued This Period                  0
Trust Expenses                  1,207,510
Total Payment                  34,765,821
Payment Shortfall              10,307,203
Principal Draw This Period     10,307,203
Total Principal Draws Outstand 10,307,203
Gross Principal Collections   299,095,400
Principal Collections         237,348,324
Excess Available Income                 0
Excess Collections Dist.                0
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       2,017,426,610
Subordinated Percentage           1.1334%
Initial Subordinated Percentage   1.1517%
Average Yearly Percentage         0.0000%

Stated Amount - AUD Equiv.  Percentage  Forex %    Chargeoffs
Class A     1,918,700,083   98.73654%  1.00000
Class B        25,000,000    1.26346%
RFS                     0    0.00000
TOTAL       1,943,700,083  100.00000% 100.00000%

Stated Amount - USD               Bond Factor
Class A         997,915,913        0.8941899          0.00
Class B          13,002,500        1.0000000          0.00
RFS                       0        0.00               0.00
TOTAL         1,010,918,413        0.8954085          0.00

                                           $A
Scheduled principal                     48,965,409
Unscheduled principal                  188,382,915
                                    ---------------
Principal Collections                  237,348,324
                                    ---------------

Fixed Interest Rate Housing Loan       169,668,774
Variable Rate Housing Loans          1,763,724,105
                                    ---------------
                                     1,933,392,879
                                    ---------------




Exhibit 99.2

     WESTPAC SECURITISATION MANAGEMENT PTY LIMITED
          OFFICER'S CERTIFICATE OF COMPLIANCE

           The   undersigned  officer   of   Westpac
Securitisation  Management Pty  Limited,  a  company
organized  under  the  laws  of  New  South   Wales,
Australia ("WSM"), hereby certifies on behalf of WSM
and  on  his  own behalf for purposes of the  Series
2002-1G  WST  Trust Class A and  Class  B   Mortgage
Backed   Floating  Rate  Notes  (collectively,   the
"Notes"), as follows:

          1.    I am a duly appointed, qualified and
     acting Director of WSM;

          2.     I am duly authorized to execute and
     deliver  this Officer's Certificate  on  behalf
     of WSM; and

          3.      To  the best of my knowledge,  the
     Issuer  Trustee    has    complied   with   all
     conditions  and covenants under the Transaction
     Documents,  for  the Series 2002-1G  WST  Trust
     issue  of Notes for the period between March
     14, 2002 and June 30, 2002.

          Capitalized  terms used  and  not  defined
herein  shall  have the meanings  assigned  to  such
terms  in the Note Trust Deed related to the  above-
referenced issue of Notes.

          IN  WITNESS WHEREOF, I have signed my name
as of September 4, 2002.



                                   /s/ Chris Bannister
                                    ----------------
                                 By:   Chris Bannister

                                            Director
                   Westpac Securitisation Management
                                        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
____________________________________________________
September 4, 2002

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/ Chris Bannister - Director
____________________________________________________
September 4, 2002


By /s/ Rob Whitfield - Director
____________________________________________________
September 4, 2002




CIVIL CERTIFICATION

SERIES 2002-1G WST TRUST


I, Peter Walden, Director and Principal Financial
Officer of Westpac Securitisation Management Pty
Limited, certify that:

1. I have reviewed this annual report on Form 10-K,
and all reports on Form 8-K containing Noteholder
Reports filed in respect of periods included in
the year covered by this annual report, of Westpac
Securitisation Management Pty Limited (the Trust
Manager and Registrant);

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 noteholder information
required to be provided to the Trustee by the Trust
Manager under the Transaction Documents are included
in these reports;




Signature: /s/ Peter Walden
	_____________________________
	4 September 2002

Title: Principal Financial Officer