After Canberra's salary cap problems at the end of 1991 which saw them lose a number of fringe players as well as some veterans (though most, including Meninga, agreed to actually take a pay cut in order to keep the side together), the Raiders missed the finals for the first time since 1986 when they finished 12th in 1992. Meninga's form continued though, captaining Queensland in the 1992 State of Origin series (NSW won 2–1) as well as Australia's successful Ashes defence against the touring Great Britain Lions. He was in great form in the first test at the Sydney Football Stadium, scoring 2 tries as Australia won 22–6. The Lions produced a shock in the second test in Melbourne with a big 33–10 win, but the Kangaroos, led by Meninga's 12 points (1 try, 4 goals) won the deciding test at Lang Park 16–10. By starting in the 3rd test at Lang Park, Meninga played his 37th test, breaking the record of 36 held by Reg Gasnier since 1967. Gasnier was on hand to congratulate Meninga on his achievement. At the end of the 1992 season, Meninga captained Australia to their 10–6 win over Great Britain in the World Cup Final in front of a record international test crowd of 73,631 at Wembley Stadium in London.