The eight-nation tournament starts in England next month with Bailey getting the nod as Michael Clarke's number two in place of Shane Watson.
Watson is in the 15-man squad but opted to stand aside as vice skipper to focus on his batting and bowling, in the same way he did with the Test side for the upcoming Ashes tour of England.
"Selectors have been impressed with George's leadership when he stepped in to guide the ODI team in Michael's absence last summer and leadership of the T20 team over the past two seasons," national selector John Inverarity said.
There were few surprises in the squad with Inverarity previously announcing that players chosen to represent Australia A in their England tour that will run at the same time as the Champions Trophy would not be considered.
This ruled out Brad Haddin, Steve Smith, Moises Henriques, Usman Khawaja, James Pattinson and Jackson Bird.
But several of the Ashes squad are on the team, including Clarke, Watson, David Warner, Phil Hughes, Matt Wade, Mitchell Starc and James Faulkner.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
