An undercover newspaper investigation claimed to have uncovered a multi-million pound international spot fixing scheme being organised from India.
Two Indian bookmakers are reportedly in touch with “puppet” players who are willing to spot fix during games so huge bets can be placed in underground markets.
In a statement Cricket Australia said: “The allegations raised by media outlets are of serious concern.
“Cricket Australia takes a zero-tolerance approach against anybody trying to bring the game into disrepute.”
The International Cricket Council (ICC) expressed “grave concern” after being handed a dossier by the paper.
The bookies reportedly said they could get players to sport fix the third Ashes Test.
However, the ICC said there was no evidence to suggest corruption in today’s Perth test.
The investigation by The Sun found that the two Indian bookies offered to get players to fix for spot bets, such as the number of runs in an over.
Players then signal to spotters in the crowd when a bet is on and they inform bookies who place huge bets, it was claimed.
Fixers Sobers Joban and his partner Priyank Saxena promised the tabloid that they could rig the precise numbers of runs in a single over for £140,000.
The pair claimed they were able to fix matches played in the Australian Twenty20, the IPL and Bangladesh T20.
They are also reportedly in contact with an Aussie fixer known only as “The Silent Man”.
Joban promised the information would be “absolutely correct”.
The bookmaker said: “I will give you work in Ashes Test. Session runs. Maybe day one, two, three.
“We have two session work, one session costs 60 lakh rupees (£69,000), two sessions 120 lakh rupees (£138,000).
“If you are interested Priyank will talk to the Silent Man. If you want to go with him alright, but you will not sit in the meeting. I don’t know what he gives, script or session.
“Right now if I tell you he wants one crore (£116,000), he might want five crores (£580,000).”
It has been claimed that cricket is more susceptible than other sports to spot fixing with almost limitless markets available.
Changing their gloves or other simple signals are used by players to inform bookies when to place their bets.
He said: “Before match. I will tell you this over, this runs and then you have to put all the bets on that over.”
A list of current players, including internationals and a World Cup winner, were reportedly involved.
The ICC said: “We take all allegations of corruption seriously and welcome The Sun’s offer to share this information.”
Cricket Australia said they would “cooperate fully with any ICC Anti-Corruption Unit investigation”.