Football Federation Australia (FFA) is seeking around AUS$120 million from the Australian government in funding to host the 2023 Women's World Cup.

Australia faces stiff competition to host the event; Japan is having a crack and North and South Korea are uniting in hopes of securing the tournament.

FFA CEO David Gallop believes the tournament would be a boon for the sport in Australia.

"The Matildas have been a leading light in Women's sport in this country and to host the women's world cup in 2023 would put floodlights on the country and on the Matildas." FFA CEO David Gallop explained.

"We move into a phase now where we'll look to engage with the federal government, the state governments across the country, we need a substantial investment to make this a successful tournament."