Westpac has won an extension of its New South Wales Government banking contract, according to the Australian Financial Review. The bank and the government have agreed to terms that will take the contract out to 2019. The deal is estimated to be worth $14.9 million a year. Pepper Group has sold a A$200 million portfolio of mortgages - its third such sale this year. With securitisation funding proving expensive over the past year, Pepper has turned to whole loan sales as an additional funding strategy. It has sold a total of $1 billion of loans this year. Pepper continues to service the loans under a servicing agreement. National Australia Bank's custody business, NAB Asset Servicing, has outsourced its unit registry services to OneVue Holdings. OneVue said it had contracts with four of the top six custodians in Australia for unit registry services. NAB said outsourcing the work to a specialist would provide more functions, such as an online portal allowing clients to access registry data.