The Cricket World Cup is an international cricket competition established in 1975. It is contested by the men's national teams of the members of the International Cricket Council (ICC), the sport's global governing body. The tournament generally takes place every four years. Most recently, the 2015 Cricket World Cup, jointly hosted by Australia and New Zealand, was won by Australia, who beat their co-hosts New Zealand. The current trophy was instituted in 1999. It always remains with the ICC, and a replica is awarded to the winning team.