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Published 09:06 19 Nov 2021 GMT
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"Although exonerated, I deeply regretted this incident at the time and still do today," Paine said at a press conference on Friday.
"I spoke to my wife and family at the time and am enormously grateful for their forgiveness and support.
"On reflection, my actions in 2017 do not meet the standard of an Australian cricket captain, or the wider community."
He later added: "At the time, the exchange was the subject of a thorough Cricket Australia Integrity Unit investigation, throughout which I fully participated in and openly participated in.
"That investigation and a Cricket Tasmania HR investigation at the same time found that there had been no breach of the Cricket Australia code of conduct."
Paine, who inherited the captaincy from Steve Smith following the infamous ball tampering scandal three years ago, did not discuss the nature of the texts, which have been described by Cricket Australia's news website as "sexting".

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