The match, which will be played biennially, and from which the proceeds will be used to assist a selected number of financially disadvantaged countries, will follow the Autumn Internationals. It is anticipated that all the world's leading players will take part.
John O'Neill, Managing Director/CEO of the Australian Rugby Union said, "This initiative will help to re-establish and rejuvenate the game amongst proud rugby communities like Fiji, Samoa, Tonga and Romania, and help to create a much more competitive structure at the elite level".
Rian Oberholzer, Managing Director of South African Rugby added, "This represents a unique opportunity for the rugby community to unite and assist those countries experiencing financial difficulty."
Dr Syd Millar, former Irish and British Lions prop forward, and Chairman of the IRB Technical Committee will be responsible for appointing the coaches of the two teams and Michael Lynagh, newly appointed to the IRB in a development role, will act as Match Manager.
Following the match in Cardiff, the IRB will hold the Annual International Awards Ceremony at which the outstanding achievements of the rugby year, both on and off the field, will be recognised.
Roger Lewis talks to WRU TV at the announcement of a new £60 million Rugby Services Agreement (RSA) which provides a new and positive contractual relationship between the WRU and its four Regions for the next six years has been agreed.
The Welsh Rugby Union has announced a major new sponsorship deal with Gullivers Sports Travel which will make the UK's leading, and longest established, multi-sport tour operator, an Official Supplier for the rest of the decade.
Having taken part in seven World Cups as a player and coach, Liza Burgess hopes to go out in style this afternoon when Wales take on Australia in the Play-off for seventh and eighth place in the Women's Rugby World Cup in Paris.
WRU Head of Rugby Josh Lewsey met with volunteers across the game earlier this week, championing their role in the sport. He was joined by Wales captain Sam Warburton for part of the day as volunteers took part in a 'Try Out' event for the 2015 Rugby World Cup
Wales Women may not have got the results they wanted recently on the field, but off it they have made massive strides in strength and conditioning - and that is in no small part due to S&C coach Sam Dodge.
Two weeks into the new pitch project at Millennium Stadium, Groundman Craig Campbell takes staff on a unique behind-the-scene tour of the works so far and National Squad Assistant Strength and Conditioning Coach John Ashby and Tour Guide Peter Owen describe what the revamp means for them.
Try-scorer Jenny Davies and fellow prop Megan York reveal to WRU TV's Graeme Gillespie their thoughts after Wales broke their drought in the Women's Rugby World Cup with a 35-3 win over South Africa in Paris.