Maxwell on Saturday was fined an undisclosed sum by the Australian team leadership for his dig at Victorian captain and national one-day teammate Matthew Wade.
Australian skipper Steve Smith confirmed the explosive allrounder had been reprimanded after this week describing as "painful" being forced to bat below wicketkeeper Wade in the Bushrangers' batting order during recent Sheffield Shield matches.
Australia coach Darren Lehmann said on Friday he would speak to power-hitting Maxwell to try to resolve the issue and on Saturday Smith said the players had decided to take action.
"Everyone was disappointed in his comments, I’ve expressed that with him myself and spoke to the team,” Smith told reporters.
"I thought what he said was very disrespectful to a team mate and his Victorian captain. The leadership group got together and we decided to fine Glenn. We thought that was a sufficient punishment.”
The skipper also said that Maxwell is upset with this whole development but he is trying to focus on his game against the Kiwis.
"He was "shattered" when he heard his punishment. I don't think he (Maxwell) thought the words came out the way they actually did," Smith said.
"We've moved on from that now. We've fined him and expressed our disappointment towards what he said and moving on and trying to focus on this game tomorrow," the skipper added.
Maxwell will still be considered for Sunday’s series opener at the Sydney Cricket Ground.
"He’s available for selection and obviously the selectors will weigh up what they think is the best team for tomorrow,” Smith added.
Maxwell received support from retired quick Mitchell Johnson who tweeted: "A fine, really!! Should be batting in front of a wicketkeeper considering he is a batsman. He was only being honest right??"
The fine was meted out by the Australian team itself, not team management or Cricket Australia.
Maxwell made the comments after he was made to twice come in below Wade at No.6 in the Victorian batting order during Shield clashes last month with Queensland and NSW.
He said it had affected his chances of being selected for the recent Adelaide Test, however coach Darren Lehmann on Friday said he was never in contention and needed to score more runs.
Although undoubtedly a hugely talented batsman, Maxwell has struggled for runs and failed to nail down a spot in the Australia team over the last year, missing the series against Sri Lanka and South Africa.
Australia are ranked number one in the world in the 50-over format but, after being swept 5-0 in South Africa, have plenty to prove in the series against New Zealand, which also includes matches in Canberra and Melbourne.