51LR Westpac B Frn29

    Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on:25-Oct-2005

Issue               : Westpac Trust Securities NZ Ltd - Series 462
                      NZD 150,000,000 FRN Due 22 Oct 2007
ISIN Number         : XS0203941702
Common Code/
144A ISIN           : 20394170
Issue Nomin     NZD : 150,000,000.00
Period              : 25-Oct-2005 to 24-Jan-2006      Payment Date 24-Jan-2006
Number of Days      : 91
Rate                : 7.38
Denomination    NZ  : 250,000.00   150,000,000.
Amount Payable 
per Denomination    : 4,599.86     2,759,917.81

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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