The federal government will establish a new advisory panel to ensure older Australians are considered in a range of policy debates.

Treasurer Wayne Swan will tell a mature-age participation conference in Sydney on Wednesday of the importance of older workers in the community and the value they add to businesses.

"Enhancing mature participation is simply one of the most important issues facing our economy today," Mr Swan says.

The new advisory panel on the Economic Potential of Senior Australians will work throughout this year to ensure the considerations of older Australians are injected into contemporary policy debates.