Meninga has been at the helm of Australia since late 2015 and led the Kangaroos to success at the Rugby League World Cup in 2017.
The rugby league great will remain at the helm for at least another two years, it was announced on Monday.
"I'm incredibly honoured to continue to coach the Kangaroos and in particular have the opportunity to coach the team to another World Cup campaign," Meninga said in a statement.
"Playing for my country was for me the pinnacle of my career and I know that every player I've coached as part of the Kangaroos has felt similarly.
"We've worked hard to respect our past and take the spirit of former players with us every time we represent Australia and our fans.
"I'm looking forward to the next few years with the team and the opportunity to coach at a World Cup in the United Kingdom in 2021."
Australian Rugby League Commission (ARLC) chairman Peter Beattie paid tribute to Meninga.
"Mal is a legend of our game with a revered presence wherever he goes," he said.
"He has instilled a strong sense of history and values into the national team fabric and has created an enormous sense of pride in the Kangaroos jumper.
"He has also lifted the profile of international rugby league significantly at a time when it is a real focus of the Australian Rugby League Commission.
"Mal also ensured that our women's national team – the Jillaroos – are equal to our Kangaroos when it comes to national pride, presence and opportunity and that's something that hasn't been lost on both sets of players and fans.
"The rugby league community wishes Mal the very best over the next few years."
The Kangaroos also named a 19-man squad for Tests against New Zealand and Tonga on October 25 and November 2 respectively.
Josh Addo-Carr, Nick Cotric, Payne Haas, Cameron Murray, Paul Vaughan and Jack Wighton are the six debutants included.
— NRL (@NRL) October 6, 2019
Australia: Josh Addo-Carr, Daly Cherry-Evans, Damien Cook, Boyd Cordner, Nick Cotric, Tyson Frizell, Wade Graham, Payne Haas, Ben Hunt, Luke Keary, David Klemmer, Latrell Mitchell, Cameron Munster, Cameron Murray, Josh Papalii, James Tedesco, Jake Trbojevic, Paul Vaughan, Jack Wighton.
Photo Getty Images Caption: Kangaroos coach Mal Meninga