1. Shane Watson
2. Phillip Hughes
3. Ricky Ponting
4. Michael Clarke
5. Mike Hussey
6. Brad Haddin
7. Steve Smith
8. Mitchell Johnson
9. Ryan Harris
10. Peter Siddle
11. Ben Hilfenhaus/ Nathan Hauritz
The big mistakes in that lineup would be Johnson (get him in some sort of form before picking him again), Hauritz (two spinners? or is Smith there for his batting? Either way...thumbs down) and dropping Bollinger (in-form, only just got there lol).
I would have O'Keefe as the spinner/4th bowler (5th including Watson), and Khawaja for North, with David Hussey as an 'alternate'. I would also give Siddle a spell, in favour of Mark Cameron, or maybe Peter George.
That would look like:
1. Shane Watson
2. Phillip Hughes
3. Ricky Ponting
4. Michael Clarke
5. Mike Hussey
6. Khawaja/D Hussey
7. Brad Haddin
8. O'Keefe
9. Ryan Harris
10. Cameron/George
11. Bollinger