UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant

to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) ~~April~~May 2111, ~~2005~~2007

Westpac Securitisation Management Pty Limited,

in its capacity as trust manager of the Series 1998-1G WST Trust

(Exact Name of Registrant as Specified in its Charter)

~~New~~Australia ~~South Wales~~

(State or Other Jurisdiction of Incorporation)

333-46945		Not Applicable
333-140399		Not Applicable
(Commission File Numbers)		(~~Registrants~~Registrant’s I.R.S. Employer Identification Nos.)

Level 25, 60 Martin Place, Sydney, NSW 2000, Australia		Not Applicable
Level 20, 275 Kent Street Sydney, NSW 2000, Australia		Not Applicable
(Address of Principal Executive Offices)		(Zip Code)

(011) 61 (2) ~~9229~~-~~8131~~ 8253-1502

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 18.0201. ~~Termination~~Other ~~of a Material Definitive Agreement~~Events.

OnThe ~~June~~consolidated ~~10, 1998, pursuant to a series notice (the “Series~~financial ~~Notice”),~~statements ~~dated~~of ~~June~~Genworth ~~10,~~Financial ~~1998,~~Mortgage ~~among~~Insurance ~~the Series 1998-1G WST Trust (the “Trust”), Westpac Securities Administration Limited, as the issuer trustee (the “Issuer Trustee”), Westpac Securitisation Management~~ Pty ~~Limited,~~Ltd as ~~the~~of ~~trust manager (the “Trust Manager”)~~December 31, ~~Westpac Banking Corporation~~2006, as2005 ~~the~~and ~~approved~~2004 ~~seller~~for ~~(“WBC”),~~each ~~Morgan Guaranty Trust Company~~ of ~~New York, as~~ the ~~note~~years ~~trustee~~in (the ~~“Note Trustee”),~~three-year ~~and~~period ~~The~~ended ~~Mortgage Company Pty Limited~~December 31, ~~as the servicer (“TMC”)~~2006, awhich ~~master~~are ~~trust~~included ~~deed (~~as ~~amended~~exhibits byto the ~~Series~~Current ~~Notice,~~Report ~~the~~on ~~“Master~~Form ~~Trust~~8-K filed ~~Deed”),~~by ~~dated~~Genworth asFinancial ofInc. ~~February~~with ~~14, 1997, between~~ the ~~Trust Manager~~Securities and ~~the~~Exchange ~~Issuer~~Commission ~~Trustee,~~on ~~and a note trust deed (the “Note Trust Deed”)~~March 15, ~~dated as of June 10~~2007, ~~1998,~~are ~~among~~incorporated ~~the~~by ~~Issuer~~reference ~~Trustee,~~in ~~the~~this ~~Trust~~Form ~~Manager~~8-K and ~~the~~in ~~Note Trustee,~~ the ~~Trust~~preliminary ~~issued~~prospectus ~~Class~~supplement ~~A Mortgage Backed Floating Rate Notes and Class B Mortgage Backed Floating Rate Notes~~ (~~together,~~ the “~~Notes”).~~Preliminary ~~Pursuant~~Prospectus ~~to a security trust deed among the Issuer Trustee, the Trust Manager, the Note Trustee, and Perpetual Trustee Company Limited, as the security trustee (the “Security Trustee~~Supplement”), relating ~~dated as of June 4, 1998 (the “Security Trust Deed”), the Issuer Trustee on behalf of the Trust granted a first ranking floating charge over the assets of the Trust~~ to the ~~Security~~Series ~~Trustee to~~2007-1G ~~secure~~WST ~~the~~ Trust~~’s obligations under the Notes~~.

~~The Trust~~In ~~was~~connection ~~created~~with ~~pursuant to~~ the ~~Master~~issuance ~~Trust~~of ~~Deed. Pursuant to~~ the ~~Master Trust Deed~~notes, the ~~Issuer~~Registrant ~~Trustee~~is ~~has~~filing ~~the~~herewith ~~right to dispose~~ the ~~Trust’s~~consent ~~assets, including a pool~~ of KPMG ~~housing loan rights~~ (~~the~~ “~~Trust Assets~~KPMG”). ~~In addition, pursuant~~ to the ~~Note~~use ~~Trust~~of ~~Deed,~~their ~~after~~name and the ~~pool~~incorporation ~~balance~~by reference of ~~the~~their ~~Trust’s~~report ~~housing~~in ~~loans~~the ~~decreases~~Registration toStatement ~~10% or less~~ of the ~~original~~Registrant ~~pool~~(Registration ~~balance~~No. 333-140399) ofand ~~those~~in ~~housing loans,~~ the ~~Issuer~~Preliminary ~~Trustee~~Prospectus ~~has~~Supplement. ~~the~~The ~~right~~consent toof ~~redeem~~KPMG is ~~all~~attached ofhereto ~~the~~as ~~Notes~~Exhibit ~~(the “Optional Redemption”)~~23.1.

~~Upon~~Item exercise of the Optional Redemption and in accordance with the terms of the Master Trust Deed and any other relevant transaction document, WBC purchased the Trust’s assets on April 6, 2005 for $195,100,2629.~~05, and the Issuer Trustee used the proceeds of this sale and the amounts on deposit in its collection account for the Trust to redeem the Notes on April 19, 2005~~01. ~~Upon~~Financial ~~redemption~~Statements ~~of the Notes~~ and satisfaction of the other terms and conditions of the Master Trust Deed, the Security Trustee will release the mortgaged property and related assets from the charge and the Security Trust Deed and will discharge the Security Trust Deed (other than with respect to certain rights and obligations that survive the satisfaction and discharge of the Security Trust Deed). Exhibits

~~There~~(a) ~~are~~Not ~~no prepayment or other penalties under the Security Trust Deed, the Master Trust Deed or related documents in connection with the Optional Redemption and redemption of the Notes~~applicable.

~~Item~~(b) ~~2.01.~~Not ~~Completion of Acquisition or Disposition of Assets~~applicable.

~~The~~(c) ~~description~~Not ~~set forth above under Item 1~~applicable.~~02 of this report is hereby incorporated by reference.~~

(d)

Exhibits


Exhibit No.		Description
23.1		Consent of Independent Registered Public Accounting Firm

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf~~, as~~ ~~Trust Manager for Series 1998-1G WST Trust,~~ by the undersigned hereunto duly authorized.

April 21, 2005	Westpac Securitisation Management Pty Limited, in its capacity as trust manager of the Series 1998-1G WST Trust, (Registrant)
May 11, 2007	WESTPAC SECURITISATION MANAGEMENT PTY LIMITED
	By:	~~/S/ RACHELLE HALL~~	/s/ James O’Dwyer
	Name:	~~Rachelle Hall~~	James O’Dwyer
	Title:	~~Authorised Representative~~	Manager Securitisation
	By:	/S/ CHRIS BANNISTER
	Name:	Chris Bannister
	Title:	Authorised Representative

3EXHIBIT INDEX


Exhibit No:		Description:
23.1		Consent of Independent Registered Public Accounting Firm

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