The Wallabies are now ranked sixth in the world while Wales has moved up to fifth place following their 40-24 win over England in the Six-Nations over the weekend.
The Flying Fijians remain in 11th place.
South Africa remains the top ranked team and they are followed by the All Blacks.
France has moved up to third place while England is now ranked 4th.
The top 10 teams on the World Rugby rankings are South Africa, New Zealand, France, England, Wales, Australia, Ireland, Scotland, Argentina and Japan.
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