It has some of the most recognised faces in the women's game in Ellyse Perry and Alyssa Healy, who were both named in Australia's Twenty20 squad for matches against New Zealand.
CNSW chief Andrew Jones said he was not concerned by the departure of Lendlease or the inability to land a replacement. Jones said Lendlease's financial contribution had largely gone to funding players' salaries, which now fall under Cricket Australia's player payments pool.
"It's not panic stations by any stretch of the imagination. The bulk of the Lendlease sponsorship was going to the players themselves," Jones said. "The bottom line is not material in the grand scheme of things, it was a very, very small percentage of revenue.
"It was a sizeable sponsorship and we achieved what we wanted out of it which is to be able to take our women to full time professional status.