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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

Form 6K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

October 30, 2003

WESTPAC BANKING CORPORATION
(Translation of registrant's name into English)

60 MARTIN PLACE, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA
(Address of principal executive offices)

[Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.]

Form 20-F ý          Form 40-F o

[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 Act of 1934.]

Yes o          No ý

[If "Yes" is marked, indicate the file number assigned to the registrant in connection with Rule 12g3-2(b):82-    ]

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Index to Exhibits

Exhibit No.		Description
1		Profit Announcement for the Year Ending September 30, 2003.
2		2003 Final Dividend—Payment Date and Record Date

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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 by the undersigned, thereunto duly authorized.

		WESTPAC BANKING CORPORATION         (Registrant)
Date: October 30, 2003		By:	/s/  MANUELA ADL       Manuela Adl SVP & Chief Operating Officer

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Media release

        30 October 2003

        Westpac Banking Corporation announced on 30 October 2003, a net profit attributable to equity holders ('net profit') of $2,183 million for the year ended 30 September 2003. Cash earnings(1) attributable to ordinary shareholders was $2,271 million up 1% on 2002.

        Earnings per share(2) were 115.6 cents, down 2% on 2002, and the return on equity(3) was 18.0%.

        Directors have determined to pay a final dividend of 40 cents per share, taking the total dividend for the year to 78 cents, an increase of 11% on the prior year.

        Earnings have been maintained at the same time as Westpac has invested for the future and without the benefit of AGC earnings that were included in the 2002 results.

        Growth in Westpac's lending portfolio has been achieved without compromising asset quality. Stressed loans have declined by a further 9 basis points to 1% of total commitments. The charge for bad and doubtful debts increased by $24 million or 5% on 2002 as a result of higher dynamic provisioning due to increased organic loan growth.

        Westpac's CEO Dr Morgan said: "Today's result shows that Westpac is successfully implementing a range of strategic initiatives, particularly in customer service, that is improving long term earnings sustainability.

        "We have the right balance between growth and return, having again delivered consistent earnings growth despite the earnings dilution arising from the sale of AGC in 2002 and the acquisition of Rothschild Australia Asset Management and BT Funds Management."

        Westpac's leadership in governance and corporate responsibility was again widely recognised with Westpac rated the global sustainability leader in the banking sector by the Dow Jones Sustainability Index for the second year running and was the only company to receive a AAA rating in the Reputex Social Responsibility Ratings.

Further information: David Lording
                                  Head of Media Relations
                                  61 2 9226 3510

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(1)

Net profit attributable to equity holders is calculated in accordance with Australian GAAP. 'Cash earnings' adds back to net profit the amortisation of goodwill and subtracts distributions paid on hybrid equity instruments. We disclose this measure to investors to promote understanding of our past and future performance indicators. This measure should not be construed as superior to GAAP measures. We reconcile our cash earnings to net profit attributable to equity holders on the next page.

(2)

Net profit attributable to equity holders less distributions on other equity instruments divided by the daily weighted average number of ordinary shares.

(3)

Calculated by dividing net profit by average total equity.

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US Media and Press Release—Selected Financial Data

        The selected financial data set out below (other than certain percentages and average amounts quoted) have been derived from the consolidated financial statements for Westpac Banking Corporation and its controlled entities ("Westpac") for the years ended 30 September 2001 to 2003, which have been prepared in accordance with Australian generally accepted accounting principles (GAAP).

        The US GAAP information has also been derived from the consolidated financial statements for Westpac, after having made adjustments for US GAAP requirements.

        Translation of our 2003 figures to US currency has been made solely for the convenience of the reader at the rate of AUD1.00 = USD0.6797, the noon buying rate for cable transfers on 30 September 2003, published by the Federal Reserve Bank of New York. These translations should not be construed as representations that the Australian dollar amounts actually represent such US dollar amounts or have been or could be converted into US dollars at the rate indicated.

        When necessary, comparative figures for 2002 and 2001 have been adjusted to conform to changes in presentation and classification in 2003.

CONSOLIDATED INCOME STATEMENT DATA

		Year ended
		30 Sept 2003 USD		30 Sept 2003 AUD		30 Sept 2002 AUD		30 Sept 2001 AUD
				(in millions)
Amounts in accordance with Australian GAAP
Interest income		6,813		10,024		9,220		10,258
Interest expense		(3,861	)	(5,680	)	(5,074	)	(6,207	)
Net interest income		2,952		4,344		4,146		4,051
Total non-interest income		2,030		2,986		2,978		2,537
Net operating income		4,982		7,330		7,124		6,588
Total operating expenses excluding bad and doubtful debts		(2,669	)	(3,926	)	(3,995	)	(3,570	)
Operating profit before bad and doubtful debts and income tax expense		2,313		3,404		3,129		3,018
Bad and doubtful debts		(330	)	(485	)	(461	)	(433	)
Profit from ordinary activities before income tax expense		1,983		2,919		2,668		2,585
Income tax expense		(494	)	(728	)	(471	)	(677	)
Net profit attributable to outside equity interests		(5	)	(8	)	(5	)	(5	)
Net profit attributable to equity holders		1,484		2,183		2,192		1,903
Amounts in accordance with US GAAP
Net income		1,349		1,984		2,579		1,769

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Reconciliation of cash earnings

		Year ended
		30 Sept 2003 USD		30 Sept 2003 AUD		30-Sep 2002 AUD		30 Sept 2001 AUD
		(in millions unless otherwise stated)
Net profit attributable to equity holders		1,484		2,183		2,192		1,903
Goodwill amortisation		111		163		100		98
Distributions on other equity instruments		(51	)	(75	)	(48	)	(51	)
Cash earnings		1,544		2,271		2,244		1,950

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STATEMENT OF FINANCIAL POSITION

			As at
			30 Sept 2003 USD		30 Sept 2003 AUD		30 Sept 2002 AUD		30 Sept 2001 AUD
			(in millions)
Amounts in accordance with Australian GAAP
Assets
Cash and balances with central banks			1,214		1,786		1,669		1,079
Due from other financial institutions			4,102		6,035		5,242		5,094
Trading securities			5,977		8,793		10,643		10,629
Investment securities (market value $3,745m, 2002 $3,216m, 2001 $2,814m)			2,485		3,656		3,313		2,960
Loans			109,072		160,473		135,870		122,250
Acceptances of customers			2,575		3,788		4,788		15,700
Life insurance assets			7,152		10,522		7,566		7,352
Regulatory deposits with central banks overseas			289		425		455		482
Goodwill			1,739		2,558		1,754		1,501
Fixed assets			572		842		815		1,034
Deferred tax assets			693		1,019		587		441
Other assets			14,574		21,442		18,335		21,323
Total assets			150,444		221,339		191,037		189,845
Liabilities
Due to other financial institutions			2,604		3,831		4,731		5,954
Deposits and public borrowings			87,729		129,071		110,763		96,157
Debt issues			20,371		29,970		27,575		27,989
Acceptances			2,575		3,788		4,788		15,700
Current tax liabilities			211		310		537		303
Deferred tax liabilities			167		246		80		403
Life insurance policy liabilities			6,726		9,896		7,163		7,123
Provisions			314		462		1,093		1,038
Other liabilities			17,145		25,225		19,327		20,635
Total liabilities excluding loan capital			137,842		202,799		176,057		175,302
Loan capital
Subordinated bonds, notes and debentures			2,700		3,971		3,795		4,045
Subordinated perpetual notes			389		573		717		793
Total loan capital			3,089		4,544		4,512		4,838
Total liabilities			140,931		207,343		180,569		180,140
Net assets			9,513		13,996		10,468		9,705
Equity
Parent entity interest:
	Ordinary shares		2,700		3,972		3,503		1,751
	Reserves		(50	)	(73	)	82		2,819
	Retained profits		4,991		7,343		5,930		4,174
Total parent entity interest			7,641		11,242		9,515		8,744
Other equity interests:
	New Zealand Class shares		321		471		471		482
	Trust Originated Preferred Securities (TOPrSSM)		316		465		465		465
	Fixed Interest Resettable Trust Securities (FIRsTS)		445		655		—		—
	Trust Preferred Securities (TPS)		769		1,132		—		—
Total other equity interests			1,851		2,723		936		947
Total equity attributable to equity holders of Westpac Banking Corporation			9,492		13,965		10,451		9,691
Outside equity interests in controlled entities (OEI)			21		31		17		14
Total equity			9,513		13,996		10,468		9,705

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		As at
		30 Sept 2003 USD		30 Sept 2003 AUD		30 Sept 2002 AUD		30 Sept 2001 AUD
				(in millions)
Average Balances
Total assets		142,993		210,377		186,827		178,196
Loans		103,179		151,801		134,102		118,260
Allowances for loan losses		(1,041	)	(1,531	)	(1,603	)	(1,537	)
Acceptances		2,992		4,402		7,707		16,680
Ordinary equity (excluding OEI)		7,459		10,972		9,890		8,795
TOPrS		316		465		465		465
FIRsTS		347		511		—		—
TPS		101		149		—		—
OEI		14		21		16		10
Total equity		8,237		12,118		10,371		9,270
Amounts in accordance with US GAAP
Average total assets		143,285		210,806		187,128		178,198
Average total equity		7,600		11,182		9,999		9,071
Average minority interest		432		635		481		475

ASSET QUALITY DATA

			Year ended
			30 Sept 2003 USD		30 Sept 2003 AUD		30 Sept 2002 AUD		30 Sept 2001 AUD
			(in millions, except for percentages)
Impaired assets
Non-accrual assets
	Gross		406		597		648		866
	Specific provisions		(108	)	(159	)	(266	)	(299	)
	Net		298		438		382		567
Restructured loans
	Gross		10		15		31		36
	Specific provisions		(1	)	(2	)	(6	)	(8	)
	Net		9		13		25		28
Net impaired assets			307		451		407		595
Provisions for bad and doubtful debts
Specific provisions			109		161		272		307
General provision			947		1,393		1,162		1,294
Total provisions for bad and doubtful debts			1,056		1,554		1,434		1,601
Asset quality
Specific provisions to total impaired assets			26.3	%	26.3	%	40.1	%	34.0	%
Total impaired assets to total loans and acceptances(1)			0.37	%	0.37	%	0.48	%	0.65	%
Total provisions to total loans and acceptances(1)			0.94	%	0.94	%	1.01	%	1.15	%
Total provisions to total impaired assets			253.9	%	253.9	%	211.2	%	177.5	%
General provision to non-housing performing loans			1.7	%	1.7	%	1.7	%	1.8	%

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(1)

Loans are stated before related provisions for bad and doubtful debts.

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SUMMARY OF CONSOLIDATED RATIOS

		Year ended
		30 Sept 2003 USD		30 Sept 2003 AUD		31 Sept 2002 AUD		30 Sept 2001 AUD
		(in millions unless otherwise stated)
Average number of ordinary shares outstanding		1,824		1,824		1,812		1,801
Distributions on other equity instruments		51		75		48		51
Ordinary dividends provided for or paid		914		1,345		1,266		1,106
Ratios in accordance with Australian GAAP
Profitability ratios (%)
Net interest margin(1)		2.65		2.65		2.80		3.11
Return on average assets(2)		1.04		1.04		1.17		1.07
Return on average ordinary equity(3)		19.2		19.2		21.7		21.1
Return on average total equity(4)		18.0		18.0		21.2		20.6
Capital Ratio (%)
Average total equity to average total assets		5.8		5.8		5.6		5.2
Total capital ratio (net)		10.5		10.5		9.6		9.9
Earnings Ratios
Basic earnings per ordinary share (cents)(5)		78.6		115.6		118.3		102.8
Fully diluted earnings per ordinary share (cents)(6)		78.4		115.3		117.9		102.4
Dividends per ordinary share (cents)		53		78		70		62
Dividend payout ratio %(7)		67.5		67.5		59.2		60.3
Ratios in accordance with US GAAP
Profitability ratios (%)
Net interest margin		2.65		2.65		2.80		3.11
Net profit attributable to equity holders to average total assets		0.94		0.94		1.38		0.99
Net profit attributable to equity holders to average total equity		17.7		17.7		25.8		19.5
Capital Ratio (%)
Average total equity to average total assets		5.3		5.3		5.3		5.1
Leverage ratio %(8)		4.6		4.6		4.5		4.5
Earnings Ratios
Basic earnings per ordinary share (cents)(5)		73.9		108.8		142.3		98.2
Fully diluted earnings per ordinary share (cents)		73.7		108.4		141.5		97.6
Dividend payout ratio %(7)		71.7		71.7		49.2		63.1

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(1)

Calculated by dividing net interest income (including gross up) by average interest bearing assets.

(2)

Calculated by dividing net profit attributable to our equity holders by average total assets.

(3)

Calculated by dividing net profit attributable to our equity holders less distributions on other equity instruments by average ordinary equity.

(4)

Calculated by dividing net profit attributable to our equity holders by average total equity.

(5)

Based on average number of ordinary shares outstanding including 54 million New Zealand class shares and distributions on other equity instruments of A$75m (2002 A$48m, 2001 A$51m).

(6)

Based on average number of shares and share equivalents and after deducting non-converting preference dividends and distributions on other equity instruments from net profit after tax

(7)

Calculated by dividing dividends per ordinary share by basic earnings per share.

(8)

Leverage ratios have been calculated in accordance with guidelines promulgated by the Board of Governors of the Federal Reserve System. The ratio is calculated by dividing Tier 1 capital in accordance with US GAAP by total average assets for leverage capital purposes in accordance with US GAAP.

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GROUP FINANCIAL INFORMATION FOR US INVESTORS

Our operating profit and shareholders' equity adjusted to comply with United States generally accepted accounting principles (US GAAP) are:

Twelve months to $m		30 Sept 2003		30 Sept 2003		30 Sept 2002		30 Sept 2001
		US$(1)		A$		A$		A$
Net profit as reported under Australian GAAP		1,484		2,183		2,192		1,903
Items having an effect of increasing (decreasing) reported income (related tax impact of item shown seperately)
Premises and sites		(72	)	(106	)	15		54
Amortisation of goodwill		111		163		1		(17	)
Superannuation (pension) expense		44		64		274		42
Related income tax expense		(13	)	(19	)	(83	)	(12	)
Wealth management		(12	)	(17	)	124		(93	)
Related income tax credit/(expense)		3		5		(24	)	21
Write-down of available-for-sale securities		(25	)	(37	)	149		(149	)
Employee share option compensation (under APB 25)		(10	)	(15	)	(8	)	(7	)
Employee share option compensation (under SFAS 123)		(18	)	(27	)	(9	)	—
Distributions on other equity instruments		(28	)	(41	)	(48	)	(51	)
Distributions on other debt instruments		(23	)	(34	)	—		—
Amortisation of issue costs on other debt instruments		(1	)	(2	)	—		—
Start-up cost adjustment		—		—		24		6
Related income tax expense		—		—		(7	)	(2	)
Other non-financial asests		5		7		(39	)	—
Related income tax credit/(expense)		2		3		(19	)	—
Software capitalisation		(3	)	(4	)	(11	)	(4	)
Related income tax credit		1		2		3		1
Effect of initial application of SFAS 133		—		—		—		(86	)
Related income tax credit		—		—		—		29
Derivative instruments (under SFAS 133)		(76	)	(111	)	(13	)	196
Related income tax credit/(expense)		18		26		4		(62	)
Difference in carrying value of controlled entity sold		—		—		7		—
Restructuring costs		(54	)	(79	)	67		—
Related income tax credit/(expense)		16		23		(20	)	—
Net income according to US GAAP		1,349		1,984		2,579		1,769
Adjustments to determine other comprehensive income under US GAAP
Foreign currency translation		(106	)	(156	)	(76	)	74
Unrealised net gain/(loss) on available-for-sale securities		106		156		(104	)	(1	)
Reclassification adjustment for (gains)/losses now included in net income		23		34		—		63
Total comprehensive income according to US GAAP		1,372		2,018		2,399		1,905

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(1)

Australian dollar amounts have been translated into United States dollars solely for the convenience of the reader at the rate of A$1.00 = US$0.6797, the noon buying rate for cable transfers on 30 September 2003, published by the Federal Reserve Bank of New York.

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Twelve months to: $m		30 Sept 2003		30 Sept 2003		30 Sept 2002		30 Sept 2001
		US$(1)		A$		A$		A$
Equity attributable to equity holders of Westpac Banking Corporation as reported under Australian GAAP		9,492		13,965		10,451		9,691
Adsjustments:
Premises and sites		(121	)	(178	)	(72	)	(87	)
Goodwill		103		151		(12	)	(13	)
Superannuation (pension) asset		126		186		141		(57	)
Welth management assets (net of tax)		(35	)	(52	)	(40	)	(140	)
Available-for-sale securities		33		48		(105	)	(150	)
Final dividend provided		—		—		651		577
Other equity instruments		(1,085	)	(1,597	)	(465	)	(465	)
Other debt instruments		(447	)	(657	)	—		—
Start-up costs		—		—		—		(17	)
Other non-financial assets		(33	)	(48	)	(58	)	—
Capitalised software		(12	)	(18	)	(16	)	(8	)
Derivative instruments (under SFAS 133)		(12	)	(17	)	68		77
Restructuring provisions		(6	)	(9	)	47		—
Equity attributable to equity holders according to US GAAP		8,003		11,774		10,590		9,408
Total assets as reported under Australian GAAP		150,444		221,339		191,037		189,845
Adjustments:
Premises and sites		(121	)	(178	)	(72	)	(87	)
Goodwill		103		151		(12	)	(13	)
Superannuation (pension) asset		181		266		202		(81	)
Wealth management assets		(50	)	(74	)	(57	)	(200	)
Available-for-sale securities		31		46		(108	)	(150	)
Start-up costs		—		—		—		(24	)
Other non-financial assets		(47	)	(69	)	(39	)	—
Capitalised software		(18	)	(26	)	(23	)	(11	)
Derivative instruments (under SFAS 133)		(10	)	(14	)	97		110
Provision for bad and doubtful debts		149		219		207		161
Deferred tax assets		73		108		106		219
Total assets according to US GAAP		150,736		221,768		191,338		189,769
Total liabilities as reported under Australian GAAP		140,931		207,343		180,569		180,140
Adjustments:
Final dividend provided		—		—		(651	)	(577	)
Other debt instruments		447		657		—		—
Restructuring provisions		9		13		(67	)	—
Deferred tax liabilities		91		134		208		158
Other liabilities		149		219		207		161
Other equity instruments		1,085		1,597		465		465
Outside equity interest as reported under Australian GAAP		21		31		17		14
Total liabilities according to US GAAP		142,733		209,994		180,748		180,361
Net assets according to US GAAP		8,003		11,774		10,590		9,408

(1)

Australian dollar amounts have been translated into United States dollars solely for the convenience of the reader at the rate of A$1.00 = US$0.6797, the noon buying rate for cable transfers on 30 September 2003, published by the Federal Reserve Bank of New York.

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SIGNATURES