Renshaw is now taking part in the Sheffield Shield final, playing for Queensland against Tasmania.
Further sanctions from Cricket Australia (CA) could follow pending the outcome of an investigation led by Iain Roy, CA's head of integrity.
While Bancroft was given a 75 percent fine of his match fee and three demerit points, Smith has been suspended from the Johannesburg Test along with a 100 percent fine.
Giants HC Pat Shurmur expects Odell Beckham at OTA's
At this point, two Giants sources said Monday, there are no active discussions that they believe would lead to a Beckham deal. Beckham Jr will refuse to play next season until he receives an improved contract, according to the NFL Network.
Australian squad have been hit hard by the ball-tampering incident which took place during third Test match.
Renshaw's form had been patchy at that stage but he had been expected to keep his place after appearing in Australia's previous 10 Tests.
A decision on Darren Lehmann's future as Australia coach may also be announced by CA.
Manchester City hold talks with Eden Hazard's camp over move from Chelsea
Chelsea star Eden Hazard has claimed that he would happily play as a left-back if asked by manager Antonio Conte . And Hazard, who has been linked with a move to Real Madrid , insists he is happy at Stamford Bridge.
Renshaw was dropped ahead of the Ashes past year and was replaced by Cameron Bancroft, who has been charged for ball tampering along with Steven Smith. Bancroft hasn't been the most consistent but Australia team management persisted with him for South Africa series.
While Bancroft only averaged 25.57 with the bat during the Ashes, he has fared a little better in the ongoing Test series against the Proteas as he is Australia's highest run-scorer with 223 runs, which includes two half-centuries, at an average of 37.16.
Australians from the prime minister to former test captains to regular fans have expressed shock and disappointment, particularly with the involvement of Smith - the No. 1-ranked test batsman.
The real fear behind this Greg Bird scare
Walker was supposed to be the starter at second, which means Tyler Wade and Ronald Torreyes should see increased playing time. If Walker and Austin can't get the job done, the Yankees have a few other in-house options, though they're not as desirable.
Warner and Bancroft are yet to receive any sanctions from Cricket Australia, but Renshaw's addition to the squad suggests he could feature at the top of the order come Friday.
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