He was released on parole and will appear in court on December 18.
NSW Police Commissioner Karen Webb said officers had worked “tirelessly” on what was a “very complex”, “lengthy” and “thorough” investigation.
She added that police expect other alleged victims to come forward, as is often the case in such cases.
“There is no such thing as an issue that is too old to investigate,” she said at a news conference.
“There is no better time to speak up than now, and you will be heard and we will take your case seriously.”
A former teacher, Mr Jones coached Australia’s rugby union team between 1984 and 1988 before turning to a career in radio.
He also occasionally worked as a speechwriter and adviser to Liberal Party figures – including former Prime Minister Malcolm Fraser – and made several unsuccessful bids to represent the party in both state and federal politics.
Mr Jones, a Sydney broadcaster for decades on local station 2GB, combined these duties with television commentators before retiring full-time in 2020, citing health issues.
The broadcaster is a polarizing figure, boasting one of the country’s biggest audiences over the years, but is often controversial.
He hit the headlines in 2012 for saying the father of then-prime minister Julia Gillard “died of shame” and in 2019 faced a massive advertiser boycott after saying someone should “put a sock” in the throat of the then leader of New Zealand, Jacinda Ardern.
Mr. Jones has also successfully sued for defamation on several occasions.