"Football is the game for everyone, and this new (deal) is another huge step toward ensuring that we live the values of equality, inclusivity, and opportunity," FFA Chairman, Chris Nikou said.

"It means whether you are a male or female, the value football places on your jersey is no different. We are proud to break this new ground in Australian and world sport."

In recent years, the Matildas have performed better on the global stage than the men, with star striker Sam Kerr currently among the world's best players -- a situation which gave fuel to the push for a more equitable pay deal.

"This agreement is the product of generations of Matildas and their supporters advocating for real change," Former Matilda and FFA Head of Game Development, Sarah Walsh said.

"This moment belongs to all of them as well."

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