World Twenty20 Schedule
Young fast bowler James Pattinson and offspinner Nathan Lyon have been left out. George Bailey has been retained as the captain while Cameron White has also found a place.
Australia also named a 30-player women's squad for the World T20, which will be held simultaneously in Sri Lanka.
Commenting on the men's 30-player squad, National Selector John Inverarity said: "The ICC World Twenty20 will be a fiercely contested tournament. A great deal of flamboyant cricketing talent will be on display and some games will be turned on their heads by 10 minutes of brilliance. The squad announced today is full of talent, enterprise and all-round strength.
"Within the 30 players named is depth and cover for all departments within the team."
The 2012 ICC World Twenty20 will be held in Sri Lanka, with the Men's tournament commencing on September 18 and the Women's matches beginning on September 26.
The Australian men's team is in Group B alongside Ireland and West Indies, with Australia's first pool match against Ireland on September 19 before playing West Indies on September 22 to decide who goes through to the next round.
Australian men's Squad: George Bailey (captain), Travis Birt, Dan Christian, Pat Cummins, Xavier Doherty, James Faulkner, Aaron Finch, Ryan Harris, Ben Hilfenhaus, Brad Hogg, David Hussey, Michael Hussey, Mitchell Johnson, Ben Laughlin, Mitchell Marsh, Shaun Marsh, Glenn Maxwell, Andrew McDonald, Clint McKay, Dirk Nannes, Stephen O'Keefe, Tim Paine, Rob Quiney, Steve Smith, Mitchell Starc, Adam Voges, Matthew Wade, David Warner, Shane Watson, Cameron White.
Australian women's squad: Charlotte Anneveld (captain), Jemma Barsby, Kristen Beams, Alex Blackwell, Melissa Bulow, Erin Burns, Jess Cameron, Nicola Carey, Renee Chappell, Sarah Coyte, Lauren Ebsary, Sarah Elliott, Holly Ferling, Jodie Fields, Rachael Haynes, Alyssa Healy, Julie Hunter, Jessica Jonassen, Meg Lanning, Sharon Millanta, Beth Mooney, Erin Osborne, Ellyse Perry, Leah Poulton, Angela Reakes, Megan Schutt, Lisa Sthalekar, Kara Sutherland, Gemma Triscari, Elyse Villani.