51LR Westpac B Frn29

    Westpactrust Securities NZ Ld
As Agent Bank, please be advised of the following rate determined on:22-Oct-2004

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              : 22-Oct-2004 to 25-Jan-2005      Payment Date 25-Jan-2005
Number of Days      : 95
Rate                : 6.79
Denomination    NZ  : 250,000.00    150,000,000
Amount Payable 
per Denomination    : 4,363.62      2,617,573.21

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

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