Captain Steve Smith and vice captain David Warner have been banned from playing for the national side for a year, following Cricket Australia's investigation into the ball tampering scandal that caused national outrage during the third Test against South Africa.
CA CEO James Sutherland had said the sanctions would be announced in "24 hours".
Steve Smith, Dave Warner and Cameron Bancroft are all being sent home from South Africa in disgrace after Cricket Australia's preliminary investigation into the ball-tampering scandal.
Smith was then handed a one-match suspension by world governing body the International Cricket Council (ICC), which would have ruled him out of the fourth Test of the series, and fined his entire match fee from the third Test.
"Winning is important but not at the expense of the laws or the spirit of the game", Sutherland said.
Sutherland announced an independent review into the team's conduct and culture, but indicated Lehmann will continue to coach "under his current contract".
Opener Bancroft and Smith admitted in a press conference after the third day's play that the "leadership group" hatched a plan to cheat.
The players have the option to challenge the penalties under the Cricket Australia rulings. Bancroft was tasked to do the on-field tampering but botched it when he was caught by television cameras doing the tampering and then trying to hide the tape down the front of his pants.
"This is a reminder of how Australian cricket fans want their stars to behave".
He said: "I'm the one who comes up on Google as the man who took the lead role in Australian cricket's darkest day - it's a real relief I can finally drop that title".
The key finding was that prior knowledge was limited to the three players and no other player and support staff had prior knowledge.
The team which had played with pride, The team which has been champions for decades, The team which has seen many teams falling before them but stood still at hights, These are all that people used to say whenever there is any discussion going on them.
Warner was also found guilty of failing to prevent the development and/or implementation of the plan; failing to report his knowledge of the plan; misleading Match Officials through the concealment of his knowledge, and failure to voluntarily report his knowledge of the plan after the match. These sanctions will reflect the gravity of what occurred and the damage it has done Australian cricket.
Cricket Australia said Smith and Warner can not play any first-class cricket - at global or provincial level - in Australia for a year.
"So I think it's genuinely possible that the three guys that have already been mentioned are the only guys who did know about it at the time". He later went on to hide the tape inside his pants but the series of actions were caught on camera.
Australia trails 2-1 ahead of the final test in Johannesburg.
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