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The national selection panel resisted the temptation to blood some of the country's exciting youngsters and has stuck with the bulk of the senior players to defend their title.
The 15-man squad features nine players involved in the fifth Ashes Test, with six of the players in their 30s and just two under the age of 25.
"The NSP has selected a squad for the Champions Trophy which is similar to squad assembling in the UK to play against England," the chairman of selectors Andrew Hilditch said.
"The Champions Trophy is a key event on ICC's cricket calendar and is a good opportunity for us to see how this new-look Australian one-day squad goes in its bid to retain the trophy," said former Test opener Hilditch.
Struggling batsman Mike Hussey and injured fast bowler Brett Lee were both included, but there was no place for left-handed opening batsman Phillip Hughes and steady paceman Stuart Clark, branded somewhat of a Test bowler even though he only played in the last two Tests of the Ashes series against England.
"The one-day team hasn't played in a major tournament since the 2007 World Cup and this will be a good chance to see where we are at," Hilditch said, adding that the selectors also had one eye on the 2011 World Cup to be held in the sub-continent.
Squad: Ricky Ponting (capt), Michael Clarke, Nathan Bracken, Callum Ferguson, Brad Haddin, Nathan Hauritz, Ben Hilfenhaus, James Hopes, Mike Hussey, Mitchell Johnson, Brett Lee, Peter Siddle, Adam Voges, Shane Watson, Cameron White.