Westpac Banking : Issuer Document

FINAL TERMS

PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Instruments are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the "EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended (the "Insurance Distribution Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the "EU PRIIPs Regulation") for offering or selling the Instruments or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Instruments or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.

PROHIBITION OF SALES TO UK RETAIL INVESTORS - The Instruments are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom (the "UK"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law in the UK by virtue of the European Union (Withdrawal) Act 2018, as amended by the European Union (Withdrawal Agreement) Act 2020 (the "EUWA"); or (ii) a customer within the meaning of the provisions of the UK's Financial Services and Markets Act 2000, as amended (the "FSMA") and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law in the UK by virtue of the EUWA. Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law in the UK by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Instruments or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Instruments or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

NOTIFICATION UNDER SECTION 309B(1) OF THE SECURITIES AND FUTURES ACT 2001 (2020 REVISED EDITION) OF SINGAPORE, AS MODIFIED OR AMENDED FROM TIME TO TIME (THE "SFA") - The Instruments are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12:Notice on the Sale of Investment Products and MAS Notice FAA-N16:Notice on Recommendations on Investment Products).

Series No.:	1489
Tranche No.:	1

WESTPAC BANKING CORPORATION ABN 33 007 457 141

Programme for the Issuance of Debt Instruments

Issue of

GBP250,000,000 Floating Rate Instruments due November 2023

by Westpac Banking Corporation

Legal Entity Identifier (LEI): EN5TNI6CI43VEPAMHL14

Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions (the "Conditions") set forth in the base prospectus dated 11 November 2022 (the "Base Prospectus") for the purposes of the EUWA (as amended, the "UK Prospectus Regulation"). This document constitutes the Final Terms of the Instruments described herein for the purposes of the UK Prospectus Regulation and must be read in conjunction with the Base Prospectus in order to obtain all the relevant information. The Base Prospectus is available for viewing at Camomile Court, 23 Camomile Street, London EC3A 7LL, United Kingdom, and at http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html and copies may be obtained from the Specified Offices of the Paying Agents.

Part A

Contractual Terms

1.	Issuer and Designated Branch:	Westpac Banking Corporation acting
		through its head office

2. Date of Board Approval of the Issuer: Not Applicable, save as discussed in Section 2 of the "General Information" section in the Base Prospectus

3.

Status:

Senior

4. Specified Currency:

(i)	of denomination:	Pound Sterling ("GBP")
(ii)	of payment:	GBP

5. Aggregate Principal Amount of GBP 250,000,000

Tranche:

6.	If interchangeable with existing Series,	Not Applicable
	Series No.:
7.	(i)	Issue Date:		22 November 2022
	(ii)	Interest Commencement Date:	Issue Date
8.	Issue Price:		100 per cent. of the Aggregate Principal
				Amount of the Tranche
9.	Maturity Date:		22 November 2023, subject to adjustment in
				accordance with the Business Day
				Convention specified in paragraph 22(iv)
10.	Expenses:		Not Applicable
11.	(i)	Form of Instruments:		Bearer
	(ii)	Bearer	Instruments	No
		exchangeable for	Registered
		Instruments:

12. If issued in bearer form:

(i)	Initially	represented	by	a	Temporary Global Instrument
	Temporary Global Instrument	or
	Permanent Global Instrument:

1. Temporary Global Instrument exchangeable for a Permanent Global Instrument or for Definitive Instruments and/or (if the relevant Series comprises both Bearer Instruments and Registered
   Instruments) Registered Instruments:

Yes.

The Exchange Date shall be a date no earlier than 40 days after the Issue Date.

1. Specify date (if any) from which exchanges for Registered Instruments will be made:
2. Permanent Global Instrument exchangeable at the option of the bearer for Definitive Instruments and/or (if the relevant Series
   comprises both Bearer Instruments and Registered
   Instruments) Registered Instruments:

Not Applicable

No. Permanent Global Instruments are only exchangeable for Definitive Instruments in the limited circumstances set out in Conditions 2.5(a) and (b)

1. Talons for future Coupons to be No
   attached to Definitive Instruments:
2. Receipts to be attached to No Instalment Instruments which are Definitive Instruments:

1. If issued in registered form:
2. Denomination(s):
3. Calculation Amount:
4. Partly Paid Instruments:
5. If issued in registered form: Registrar:
6. Interest:
7. Change of interest basis

Not Applicable

GBP100,000

GBP100,000

No

Not Applicable

SONIA + 0.48 per cent. per annum Floating Rate

Not Applicable

20.	Fixed Rate Instrument Provisions:	Not Applicable
21.	Fixed Rate Reset Instrument	Not Applicable
	Provisions:
22.	Floating Rate Instrument Provisions:	Applicable
	(i)	Specified Period(s):	Not Applicable
	(ii)	Interest Payment Dates:	22 February 2023, 22 May 2023, 22 August
			2023 and the Maturity Date, subject to
			adjustment in accordance with the Business
			Day Convention specified in paragraph
			22(iv)
	(iii)	Interest Period End Dates or (if	Interest Payment Dates
		the applicable Business Day
		Convention below is the FRN
		Convention) Interest Accrual
		Period:

1. Business Day Convention:

	- for Interest Payment Dates:	Modified	Following	Business	Day
			Convention
	- for Interest Period End Dates:	Modified	Following	Business	Day
			Convention
	- for Maturity Date:	Modified	Following	Business	Day
			Convention
	- any other date:	Modified	Following	Business	Day
			Convention
(v)	Additional Business Centre(s):	London, New York, Sydney
(vi)	Manner in which the Rate(s) of	Screen Rate Determination
	Interest is/are to be determined:
(vii)	Screen Rate Determination:	Applicable (Overnight Rate)
	-	Reference Rate:	SONIA

• Relevant Screen Page: Reuters Screen SONIA Page (or any replacement thereto)