With continental heavyweights the Socceroos, Japan, Korea DPR and Korea Republic already qualified for the tournament, 20 teams were drawn into five groups in Melbourne today.
Iraq, the 2007 champions, who take on Australia in a crucial 2014 FIFA World Cup Brazil™ qualifier next week, have been placed in arguably the toughest group alongside three-time champions Saudi Arabia, China PR and Indonesia.
The top two nations from each group will qualify for the AFC Asian Cup, with the best third-placed team from all groups also earning a ticket to Australia. The final team will be the winner of the AFC Challenge Cup, which will be held in 2014.
Football Federation Chairman Frank Lowy said Australia was determined to deliver the best Asian Cup yet. "This will be the largest football competition ever staged in our country," he said.
"It will be a feast of international football, and we're confident that Australians will get behind all the 16 teams, as we have shown for other major events. We are working with five governments to deliver AFC Asian Cup Australia 2015. Their support and expertise has been invaluable."
The tournament will be held from January 4 to 26 with matches in Victoria, New South Wales, ACT and Queensland.