The panel's chair, Bailey, said: "This group is well balanced to ensure we are prepared for the many challenges of an Ashes Series.
"It has a mix of experienced, proven performers and emerging, developing talent.
"We will take this 15-player squad into the opening Test in Brisbane and the pink ball match in Adelaide, after which we can reassess for the remaining matches."
The first Ashes test takes place at the Gabba in Brisbane starting on Wednesday, December 8 and is followed by a pink-ball day-night Test at the Adelaide Oval starting on Thursday, December 16.
Australia squad: Tim Paine (captain), Pat Cummins (vice-captain), Cameron Green, Josh Hazlewood, Marcus Harris, Travis Head, Usman Khawaja, Marnus Labuschagne, Nathan Lyon, Michael Neser, Jhye Richardson, Steve Smith, Mitchell Starc, Mitchell Swepson, David Warner