During the 1992 Great Britain Lions tour of Australia and New Zealand, Walters helped Australia retain The Ashes. Later that year he helped the Broncos to victory in the 1992 Grand Final which Brisbane won 28–8 against the St George Dragons. The Walters brothers had already become the first trio to play for Queensland and Australia in 1992 and they achieved another milestone when all three were selected to tour with the World Cup squad. In England Kevin Walters threw the winning pass for Steve Renouf's try that won the game 10–6 in Australia's 1992 World Cup Final victory. Indeed, 1992 was a great year for Walters, with further victory in the World Club Challenge against Wigan. The following year Walters again proved a great utility for the Broncos' 1993 grand final victory.