Batsman Shaun Marsh has been recalled to Australia's One-Day International squad for the upcoming tour of Sri Lanka as Cameron White misses out.
White, however, will captain the Twenty20 International side in the two matches that precede the five-match ODI series in August.
Marsh missed the World Cup through injury while fast bowlers John Hastings and James Pattinson, who both impressed during Australia's recent tour of Bangladesh, are included in both squads.
"Taking on the talented Sri Lankan team on their home soil in all forms of the game is always challenging but we also see it as an exciting opportunity for both the Twenty20 and one-day squads," National Selection Panel (NSP) chairman Andrew Hilditch said.
"The Twenty20 squad is very well balanced with potentially explosive batsman Shaun Marsh, Shane Watson and David Warner at the top of the order combined with Cameron White, Aaron Finch and David Hussey in the middle order.
"There is also very good all-round talent in Steven Smith, Stephen O’Keefe, John Hastings and Mitchell Johnson providing the side with great flexibility. The fast bowling unit will welcome James Pattinson, who may make his Twenty20 debut for Australia, in combination with the experienced Brett Lee and Mitchell Johnson.
"The one-day squad sees the return of Shaun Marsh who was unavailable for the ICC Cricket World Cup through injury. Shaun can open the batting but also provides flexibility throughout the order and gives the squad great balance. Also included in the one-day squad are James Pattinson and John Hastings who both impressed on the recent VB Tour of Bangladesh.
"Cameron White is unlucky to be omitted from the one-day squad having been a regular and successful member of the squad for the last few series. Cameron lost his position in the side during the recent one-day tour of Bangladesh but the NSP is confident that he will force his way back into the team through weight of runs."
Australia Twenty20 International squad: Cameron White (captain), Shane Watson (vice-captain), Aaron Finch, Brad Haddin, John Hastings, David Hussey, Mitchell Johnson, Brett Lee, Shaun Marsh, Stephen O'Keefe, James Pattinson, Steven Smith, David Warner
Australia One-Day International squad: Michael Clarke (captain), Shane Watson (vice-captain), Doug Bollinger, Xavier Doherty, Brad Haddin, John Hastings, David Hussey, Michael Hussey, Mitchell Johnson, Brett Lee, Shaun Marsh, James Pattinson, Ricky Ponting, Steven Smith
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