Opening batsman Cameron Bancroft received a nine-month ban following the scandal, which has outraged fans, jolted the sponsors and prompted CA to send the trio home from South Africa.
Sacked Australia captain Steve Smith and David Warner have both been banned for 12 months for their roles in the ball-tampering scandal in Cape Town, Cricket Australia (CA) announced on Wednesday, after uncovering a web of lies told by the players after they were caught.
Opening batsman Cameron Bancroft is banned for nine months following the scandal, which has outraged fans, jolted the sponsors and prompted CA to send the trio home from South Africa.
"David Warner will not be considered for team leadership positions in the future," CA said in the statement, adding he had shown an "apparent lack of contrition".
CA also stated that each player must also complete 100 hours of community service before being considered for future selection.
A key finding was that Bancroft had in fact used sandpaper to rough up the ball in the third test at Newlands, and not sticky tape as he stated, adding an extra element of premeditation to the actions and re-opening questions as to whether this was an isolated incident.
While Smith and Bancroft were both found guilty of "knowledge" of the plan to cheat, a CA statement credits Warner with the "development" of the plot, suggesting he was the instigator.
The trio will be allowed to compete in club cricket, but cannot take part in state or international games for the duration of their bans.
"The CA Board understands and shares the anger of fans and the broader Australian community about these events," Cricket Australia Chairman, David Peever said in a statement.
"They go to the integrity and reputation of Australian Cricket and Australian sport and the penalties must reflect that.
"These are significant penalties for professional players and the Board does not impose them lightly. It is hoped that following a period of suspension, the players will be able to return to playing the game they love and eventually rebuild their careers."
Smith and Warner have also been stood down from their Indian Premier League (IPL) teams for 2018, representing a significant loss of income after the Rajasthan Royals and Sunrisers Hyderabad had paid $1.84 million respectively for their services.
"First, we waited for ICC's (International Cricket Council) decision, after that Cricket Australia's and then we decided on the matter," IPL chairman Rajeev Shukla told reporters.
"We have decided to bar them from this season. The replacements will be made available to the two teams. We did not take any decision in haste, it was a well thought-out decision."
There is more financial fallout possible with multinational electronics company LG having already said they will not renew a sponsorship with Warner, while several other partners of Cricket Australia are reviewing their positions in light of the embarrassing scandal.
The bans leave the careers of the players on hold, but the damage to the reputation of all three will likely be much more long-lasting and for Warner, 31, it may well spell the end of his international career.
Fall from grace
It is also a dizzying fall from grace for Smith, who had been touted as the "next Don Bradman" and the golden boy of Australian cricket but now needs to repair public trust and answer questions as to why he allowed a scandal that has rocked the sport.
The players will be available for the World Cup in England and Wales that starts on May 30 next year, as well as the Ashes later in the English summer.
The trio will be replaced for the fourth and final test at The Wanderers in Johannesburg by opening batsmen Matthew Renshaw and Joe Burns, as well as all-rounder Glenn Maxwell.
South Africa lead what has been a tempestuous series 2-1 having not enjoyed a home series success against the Australians since 1970.