Even though New Zealand have owned Australia of late, scrum half TJ Perenara doesn’t believe the All Blacks have the Bledisloe Cup locked up.

New Zealand have won the crown 46 times, including last year’s edition, whereas the Aussies have come out on top just 12 times.

The opening clash of this year’s Cup will be held on Saturday and Perenara feels the All Blacks will have to work to maintain the title.

“We don’t own the trophy… so each and ever year it’s up for grabs,” Perenara said.

See his full comments in the video below.