Andrew Symonds described being banned from the Australian one-day side as "the worst I've ever felt".
He was suspended for two matches and fined for his late-night drinking binge before Australia's shock loss to Bangladesh in Cardiff last Saturday.
"It was like having my insides ripped out," said Symonds, who returned to top form in the win over England in Durham.
Cricket Australia confirmed no extra action would be taken despite reports suggesting he could lose his contract.
But chairman Bob Merriman said CA would review the way disciplinary issues are handled between the board and the team.
A report in The Australian newspaper said CA was advised of Symonds' penalty - decided by skipper Ricky Ponting, coach John Buchanan and team manager Steve Bernard - only after it was handed down.
"A number of principles have been raised which need clarification or reconfirmation at a board level," Merriman said.
"These include the board's very strong commitment to managing Australian cricket in a manner which is open, honest and timely.
"It is also appropriate for the board to review the formal link between the processes which underpin the management of internal team disciplinary issues and the requirements of the Code of Behaviour and player contracts.
"The majority of directors have concluded there should be no further action against Symonds."
The news will be a huge relief for Symonds, who spoke of his despair at sitting out of the humiliating loss to Bangladesh.
"It was the worst I've ever felt, sitting out that particular day," he said.
"It was a terrible feeling. It hurt to be left out of the side greatly and to be fined, I just had to cop the medicine once it had been dealt and get on with the job in hand.
"Many things went through my mind, but on the flip side it's a great feeling to be back."
Symonds' man-of-the-match showing in the 57-run win over England on Thursday included a knock of 73 and figures of 1-37.