Smith and Warner have to serve year-long bans from global and domestic cricket, while Bancroft will be out for nine months due to their role in the ball-tampering incident in the third Test against South Africa in Cape Town.
"To hear that the Australian cricket team had been involved in pre-mediated cheating is something that is embarrassing".
"Of the dozen or so matters of this type (ball-tampering), the most severe suspension to date has been a ban for two one-day internationals".
Smith and Warner have lost their lucrative IPL contracts in the wake of the scandal and Sky Sports News understands it's extremely unlikely either player, or Cameron Bancroft, will be allowed to play county cricket in England while they serve their Cricket Australia suspension.
The fall-out has led to sponsors severing ties with cricket in Australia, while the International Cricket Council has announced a "wide-ranging" review.
The public outrage in Australia was instant, forcing Cricket Australia into an immediate investigation.
While an overhaul of Australian cricket is likely, Ponting defended their cricketing culture, saying the team have always played hard and fair.
Warner, who CA's head of integrity Iain Roy found was the architect of the Cape Town plot, was given the heaviest punishment of the trio.
The three erring cricketers were earlier given time till April 11 to decide whether to appeal against the Cricket Australia penalties or not.
"The opener is however free to play Premier Cricket as well in overseas domestic competitions, subject to Cricket Australia granting him a No Objection Certificate", it said. But it started becoming evident when Smith and Co. returned home that they didn't want to prolong the episode.
Smith held a teary news conference hours later in Sydney, where he took the blame for the episode happening on "on my watch" and asked for forgiveness.
If players are unhappy with the verdict at the initial hearing, they have seven days to lodge a formal appeal and take the case to an appeals commissioner.
Last week, James Sutherland, the chief executive of CA, confirmed that the bans extended only to global and...
"The events of Cape Town have severely affected the game", he said. We as Australian loved to play game hard, like to play game fair and our fans expect the Australian players play that way.
Unhappy at the punishment meted out to the three by Cricket Australia days after the incident, Australian Cricketers' Association (ACA) president Greg Dyer said "justice which is rushed can sometimes be very flawed".