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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Coupon Period ending January 19, 2000
Westpac Securitisation Management Pty Limited,
in its capacity as trust manager
of the Series 1998-1G WST Trust
(Translation of registrant's name into English)
Level 4, 60 Martin Place, Sydney, NSW 2000, Australia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes____ No X
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-________________________.
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NOTEHOLDERS REPORT - SERIES 1998-1G WST TRUST
Date of Report - Determination Date 13-Jan-00
Housing Loan Collection Period 10-Oct-99 to 09-Jan-00
(inclusive) (inclusive)
Days in Collection Period 92
Coupon Period 19-Oct-99 to 19-Jan-00
(inclusive) (exclusive)
Days in Coupon Period 92
3 month BBSW at beginning of
coupon period 5.3767% 3 month USD-LIBOR 6.19250%
Foreign Exchange Rate 0.62354525564
Available Income 25,735,989
Total Available Funds 25,735,989
Accrued Interest Adjustment 0
Redraws Made This Period 23,610,350
Redraw Shortfall 0
Redraw Facility Draw 0
RFS Issued This Period 0
Trust Expenses 1,089,863
Total Payments 23,118,881
Payment Shortfall 0
Principal Draw This Period 0
Total Principal Draws Outstanding 0
Gross Principal Collections 152,134,749
Principal Collections 128,524,399
Excess Available Income 2,617,108
Excess Collections Distribution 2,617,108
Liquidity Shortfall 0
Liquidity Net Draw / (Repayment)
this period 0
Remaining Liquidity Shortfall 0
Liquidation Loss 0
Principal Charge Offs 0
Prepayment Benefit Shortfall 33,482
Average Daily Balance for Qtr 1,464,464,068
Subordinated Percentage 3.3145%
Initial Subordinated Percentage 2.3000%
Average Quarterly Percentage 0.3790%
Reuters Information Principal/100,000 Coupon/100,000
Class A 0.00 5,838.1860 1,088.7495
Class B 0.00 0.0000 1,650.2500
Stated Amount - AUD Equivalent Percentage Forex Percentage Chargeoffs
Class A 1,352,543,966.28 96.68555% 1.00000
Class B 51,800,570.54 3.31445%
RFS 0.00 0.00000
TOTAL 1,404,344,536.82 100.00000% 100.00000%
Stated Amount - USD Bond Factor
Class A 843,372,373.22 0.6143894 0.00
Class B 32,300,000.00 1.0000000 0.00
RFS 0.00 0.00
TOTAL 875,672,373.22 0.6232544 0.00
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$A
Scheduled Principal $ 12,476,044
Unscheduled Principal $116,048,355
Principal Collections $128,524,399
Fixed Interest Rate Housing Loan $ 261,927,309
Variable Rate Housing Loans $1,142,417,228
$1,404,344,537
WST Trust Series 1998-1G
DELINQUENCY STATISTICS
Collection Period Ended: 09-January-2000
Number Current Balance Instalment % by % by
of Loans Outstanding $A Amount $A Number Balance
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Current 3,744 1,276,481,796 10,466,834 90.61% 90.90%
1-29 1,255 111,615,419 990,007 8.27% 7.95%
Days
30-59 111 10,679,457 82,828 0.73% 0.76%
Days
60-89 25 2,471,951 20,526 0.16% 0.18%
Days
90-119 17 1,661,751 13,762 0.11% 0.12%
Days
120-149 5 460,351 3,695 0.03% 0.03%
Days
150-179 4 262,358 1,790 0.03% 0.02%
Days
180+ 7 711,455 4,927 0.05% 0.05%
Days
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Total 15,168 1,404,344,537 11,584,368 100.00% 100.00%
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf, as
Trust Manager for the Series 1998-1G WST Trust, by the undersigned,
thereunto duly authorized.
Westpac Securitisation Management Pty Limited,
as Trust Manager for the Series 1998-1G WST Trust,
(Registrant)
Dated: January 19, 2000 By: /s/ Lewis E. Love Jr.
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Name: Lewis E. Love Jr.
Title: Director
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