The independent report was commissioned by Cricket Australia (CA) after a ball-tampering scandal rocked the Test team in South Africa in March.
The review found that CA was partly to blame, and viewed more widely as "arrogant and controlling".
The governing body said it would accept most of the report's recommendations.
The ball-tampering incident shocked Australia and led to 12-month suspensions for team leaders Steve Smith and David Warner, and a nine-month ban for batsman Cameron Bancroft.
It also hastened the departures of coach Darren Lehmann and CA chief executive James Sutherland.