Israel Folau could soon have no job, no payout, and a steep legal bill

The Wallabies player has been found guilty of a high level breach of the organisation's code of conduct, for posting homophobic comments on social media.

His punishment will be decided by an independent panel in the coming days.

ARN Sports Director Jim Dolan if the panel decides to rip up his contract, Rugby Australia won't have to pay him a cent.