Folau's only option now is to lodge a claim through the courts, which he is yet to do.

The Wallabies fullback was found to have committed a "high level" breach of Rugby Australia's code of conduct after posting anti-gay comments on social media last month, with a three-person panel recommending his contract be terminated last Friday.

Under the code of conduct process Folau had 72 hours to appeal the decision, and that window closed at midday on Monday with no word from the former Waratah.

"As Folau has not notified the panel of his intention to appeal, the Code of Conduct process has now formally concluded," a statement from RA said. "With the Code of Conduct matter complete, Folau's employment contract will be terminated."

In a statement, Folau cited a lack of confidence in Rugby Australia's management of the judicial panel process.

"My decision not to commence Rugby Australia's appeal process is in no way an acceptance of the judicial panel's findings," he said.

"I simply do not have confidence in Rugby Australia's ability to treat me fairly or lawfully throughout this process."

Folau confirmed he is considering his options in the face of growing discontent with the way Rugby Australia has handled his code of conduct hearing.

"The messages of support from fans, players, former rugby administrators and the public have been humbling," he said.

"I believe I still have a lot of rugby left in me and the potential impact of Rugby Australia's decision on my reputation and my career is substantial."

"Ultimately, I need to do what is best for my family, my teammates and the fans, so I am considering all potential avenues open to me," Israel concluded.