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The ICC World Test Championship is a premier Test cricket competition which is administered by the International Cricket Council (ICC). The competition is part of the ICC's plan to have an international tournament for all formats of cricket to compliment the World Cups in the ODI and Twenty20 formats. Despite the World Test Championship being initially proposed in 2009, the tournament went through two failed attempts in 2013 and 2017, before it was officially launched in July 2019.The championship involves the top nine Test teams playing in a series of 71 Test matches across two years. Each side will play three home and three away series across the two-year tournament, at the end of which the top two placed teams will play off in a final at Lord's in June 2021.
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Nations competing in the ICC World test Championships earn points for wins, draws and ties, with 120 points the maximum number of points allocated for a series. For example, a win in a two-match series would be worth 60 points, while a three-match series would be worth 40 points for a match. Meanwhile, a tied match would incur a 50% share of the points for a win, whilst a third of the points would be allocated to the two teams for a draw.
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Whilst both nations are involved in the nine-team Test competition, New Zealand and England's two-match series will not be included in the ICC World test Championship. The reason for this comes down to a misalignment with the scheduling of the series, as the World Test Championship was confirmed to take place after the series between the two nation's was arranged. Whilst it isn't part of the international Test championship, the series will still have a bearing on ICC World Rankings. With England losing the series 1-0, the fact that the result isn't involved in the World test Championship standings isn't good for the Aussies. Where the loss does play in Australia's favour, however, is the fact that England will not extend their gap in the world rankings, and remain the third-best in the world.