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.
UEFA has today confirmed the Football Association of Wales (FAW) has been successful in its bid for the Millennium Stadium to host the 2017 UEFA Champions League Final on Saturday 3rd June, 2017 (kick-off: 19.45hrs GMT).
The winners of a filmmaking competition organised by the education charity Into Film and the WRU enjoyed a behind the scenes tour of the Millennium Stadium - and a chance to be photographed with the WRU's fire-breathing, rugby loving mascot, Scorch The Dragon, and Welsh international, Jake Ball.
The Wales Under 20 camp are in a quietly confident mood as they face Ireland in the U20 Championship, with Coaching Co-Ordinator Allan Lewis and full back Dafydd Howells targeting a top five finish in the tournament.
Wales U20 may start as favourites against Japan this evening in the U20 Championship, but Team Manager Mark Taylor is warning against complacency. He is also hoping a good win will boost morale and 'kickstart' performances.
Coach Richard Hodges is hoping Wales U20 can put a disappointing campaign behind them when they tackle Japan tomorrow as they look to finish the U20 Championship strongly to secure a good seeding for next year's tournament.