Walters was awarded the Australian Sports Medal for his contribution to Australia's international standing in the sport of rugby league in 2000. He captained the Broncos at halfback in their 2000 NRL grand final win against the Sydney Roosters, claiming one more premiership ring with the club before moving to England at the request of Allan Langer. He played for Warrington briefly and decided it was not for him and his family, so moved back to Australia, playing his final season with the Broncos in 2001.