51LR Westpac B Frn29

    Westpactrust Securities NZ Ld

As Agent Bank, please be advised of the following rate determined on:07-Feb-2006

Issue               : Westpac Trust Securities NZ Limited - Series 306
                      NZD 158,000,000 FRN Due 7 Nov 2007
ISIN Number         : XS0157551994
Common Code/        : 15755199
144A ISIN
Issue Nomin     NZD : 158,000,000.00
Period              : 07-Feb-2006 to 08-May-2006   Payment Date 08-May-2006
Number of Days      : 90
Rate                : 7.73                       
Denomination    NZ  : 500,000.00                    

Amount Payable 
per Denomination    : 9,530.14                      

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438

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