Former ODI and T20 skipper George Bailey will lead the Prime Minister's XI against South Africa later this month.

Bailey, who was part of Australia's 2015 World Cup triumph, was announced as skipper today for the annual match at Canberra's Manuka Oval, which this year will be a day-night one-day clash played on October 31.

The match will serve as South Africa's only warm-up for the three-match Gillette ODI series against Australia in early November, which will serve as crucial preparation for both sides ahead of next year's World Cup in the UK.

Bailey, who also captain's Tasmania, hit form on Monday in the state's JLT One-Day Cup match against Western Australia, with the skipper striking 79 before he was run out in the final over.

Bailey bounces back to form with fluent 79

"I've been fortunate enough to represent the Prime Minister's XI on a couple of occasions during my career, and now to captain the team is a real privilege," Bailey said after his appointment was announced by new Prime Minister Scott Morrison.

"Over the years, the match has provided an opportunity for some of Australia's best emerging players to test their skills against a quality international side, and I'm sure this year will be no different."

Bailey in a 2009 PM's XI match // Getty

The PM's XI match was first played in 1951 under then Prime Minister Robert Menzies, who was an avid cricket fan. It was played intermittently between 1951 and 1965 before a two-decade absence that ended when Bob Hawke, another cricket tragic, was elected to the top office in 1983.

Tickets to this year's Prime Minister's XI match are available at www.cricket.com.au/tickets.

The match will be broadcast live via FOX Cricket, ABC Grandstand and live-streamed by cricket.com.au and the CA Live App, with play to commence at 1.50pm local time on 31 October.