The NRL has suspended half of Canterbury's $250,000 fine for their Mad Monday antics after the club apologised for the team's behaviour, acknowledged the seriousness of the incident and committed to measures to prevent it happening again.
The Bulldogs were fined earlier this month by the NRL after players were photographed by NewsCorp during their end-of-season function engaging in antisocial behaviour at a pub in The Rocks.
"Under those circumstances, the NRL will suspend half the original fine," an NRL spokesman said.
"However the suspended part of the fine will be reimposed if there is any material breach of the Code of Conduct during the next two years.
"This incident should act as a reminder to all clubs and club officials that it is imperative to take extra precautions when organising club-sanctioned events."
Canterbury also released a statement on Tuesday with chief executive Andrew Hill accepting the NRL's decision after the club appealed against the severity of the recent breach notice.
"Having worked closely with the NRL in regards to our response to the recent breach notice that was handed down, we feel that as a club we have acted swiftly and decisively to both review the events of the day and to put in place improved procedures to make sure that this does not happen again."
Bulldogs chair Lynne Anderson said the Bulldogs' behaviour on the day was "a poor look for the club and the game".
"We have reviewed everything that took place to make sure that we learn from it. What we also need to remember here, however, is that good people will sometimes make mistakes and that should not take away from the fact that these same people have done a great deal in the community on behalf of the club and will continue to do so.
"They are part of our family at the club and we will always support them through any difficult times."
Canterbury coach Dean Pay said the club had learnt a great deal from the recent events.
"When something like this happens you have to take stock and put in place structures to make sure that it doesn't happen again. There is no doubt that the images from the day were a bad look for everyone involved and it means that we have to take responsibility for it and learn from it. We also need to remember that this is not representative of us as a club and what we stand for."