Lions tour, first test team, Brian O'Driscoll, Jonathan Sexton, Paul O'Connell and Jamie Heaslip
Brian O'Driscoll, Jonathan Sexton, Paul O'Connell and Jamie Heaslip will also feature in Warren Gatland's side for Saturday's game in Brisbane.
The coach said Corbisiero's superior scrummaging resulted in his selection ahead of Mako Vunipola, who was expected to feature at loosehead prop at the Suncorp Stadium after impressing during his four starts on tour - but he lost out to his English rival.
"Mako's been pretty unlucky," Gatland explained.
"We've looked at the weather conditions and there's a threat of showers. I've no doubt that (Australia coach) Robbie Deans has looked at Mako technically at scrum time."
The starting XV features eight Welshman, four Irish and three English.
O'Driscoll and Jonathan Davies forge the centre partnership while Sexton and Mike Phillips were the preferred halfbacks.
O'Connell was picked in the second row alongside Alun-Wyn Jones. Tommy Bowe is absent recovering from hand surgery.
Eleven members of the team that beat the Waratahs 47-17 last Saturday have been retained.
Admitting the selection had been challenging, Gatland said: "We went through due process and there was a good discussion about the team.
"Obviously the make-up of the loose forwards was one, the make-up of the front row was a big discussion and the make-up of the midfield too. A lot of the players were rewarded for their performance last Saturday against the Waratahs.
"That was an extremely positive performance and a lot of those selected for Saturday played against the Waratahs. But given the attrition rate of the series it's important the rest of the squad stay focused. We're a really close-knit group and there's a positive feeling in the team."