Australia's Rugby Castle CEO acknowledges that it would be wrong to assume that Israel's Falla's saga could not have been better.
PA Friday terminated the Superstar's four-year deal with Wallabies and NSW Waratahs after an independent panel of three found their controversial posts in social media.
Last month, Folau published a biblical quote stating that "drunkards, homosexuals, adulterers, liars, harlots, thieves, atheists, and idolaters" would go to hell if they did not repent.
Castle said the decision would change the landscape for sports in Australia and perhaps internationally.
* Blues star backs Israel Floyd
* Teammates fired back Floyd
* Fallow's departure from his own work
* The castle claims Folau claims
* Folau looks at the Supreme Court
Later, Fallow published a statement saying he was "deeply saddened" by the decision and considering his options.
He has to appeal until Monday afternoon.
If he decides to do so, it will require a second hearing of the Code of Conduct, which will add to the significant financial costs already incurred by both parties.
The castle said there had been discussions between the two groups of lawyers about the possible payment of Fallau, but they had never gone far enough to be handed over to RA.
Asked if the PA could cope better with the situation surrounding Falkow's latest deal, the castle said, "You could not go through such a question and say you can not do things better.
"You'll be crazy to say it." But it is often done with the benefit of the look and the sequence of events that happen.
"So we will certainly do this review to make sure we understand that we have the right contracts
"This will be a discussion that we will have to have with RUPA [Rugby Union Players’ Association] about whether the Code of Conduct provides the best results in terms of financial supply.
"This will be something we will try to discuss with them when we come to a new collective agreement."
Castle explained that RA can not insert a specific social media clause into Folau's latest contract because it is not part of the existing CBA between RA and RUPA.
"We can not just insert clauses when we feel that way," she said.
– Even if we have a clause (social media) who knows where it might have come out legally?
Asked whether the currency board might be updated in the future to keep pace with the development of social media, Castle replied: "I certainly think these are the types of things that need to be included in the CBA and as changes in time and social media are getting more and more focused. "