The new four-year CBA announced on Wednesday ensures the Socceroos and Matildas receive a 24% share of an agreed aggregate of generated revenues in 2019-20, rising by 1% each year.
At the 2018 men's World Cup in Russia, the Socceroos earned $8 million in prize money for exiting in the group stage without winning a game. The Matildas earned $1 million in prize money for making the round of 16 at the Women's World Cup in France this year.
Critics say the women will still end up with a much smaller share and that the teams should share the same percentage of a total prize money pool.
Players in the United States, including stars Alex Morgan and Megan Rapinoe, filed a lawsuit in March against the U.S. Soccer Federation alleging gender and pay discrimination between the men's and women's national teams.
The U.S. has won the last two Women's World Cup titles. A May 5 trial date has been set in Los Angeles.
This version corrects the amount of prize money at the 2018 and 2019 World Cups for Australia.
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