ACL managing director Martyn Iles posted on social media about the "incredible" settlement between Rugby Australia and Folau.
Former Australia fullback Israel Folau has settled his unfair dismissal case with Rugby Australia and Super Rugby team the New South Wales Waratahs, Folau and Rugby Australia said in a joint statement.
By nature of the fact that the settlement was confidential, we will not know how much Folau was paid out.
Rugby Australia said it does "not in any way agree with the content of the social media post". Inclusiveness is one of Rugby's core values and it welcomes all people to the game, including all members of the LGBTI community.
"While it was not Rugby Australia's intention, Rugby Australia acknowledges and apologises for any hurt or harm caused to the Folaus", the organisation said in a joint statement with Folau.
The 30-year-old former Wallabies full-back later posted a video statement online, flanked by wife Maria, in which he said he was "really pleased" with the settlement. "The parties do not intend to comment further on the terms of their settlement as it is confidential", said the statement, which made no mention of Folau's playing future.
Folau was defending his actions as recently as Monday, saying in a video statement that "I only share passages from the Bible as a gesture of love".
Both parties acknowledged the damage they had caused each other and subsequently apologised for any hurt or harm brought about during the dispute.
RA said it had not meant to hurt the player's feelings, but "acknowledges and apologises for any hurt or harm caused to the Folaus".
The twin posts came after the code-hopper had been warned about his social media use during the 2018 season.
Folau caused controversy last month when he linked deadly bushfires in Australia and a devastating drought to the legislation of same-sex marriage and abortion.
'Rugby Australia and Mr Folau wish each other well for the future.
The government's draft laws were widely panned by religious and human rights groups, leading Prime Minister Scott Morrison to promise another attempt.
RA argued the homophobic post, Folau's second in two years, breached its code of conduct.