Cameron, who filled in for Mason Barbera in one of the squad's outgoing FG Falcons at Bathurst and Newcastle this year, will join three-time V8 Ute Racing Series winner Ryal Harris as a team-mate.
The confirmation establishes that there will be at least two BT-50s on the grid come Round 1 at Adelaide.
“Aaron was introduced to me at Winton this year where he had only his second drive in his Formula Ford this year and took out the round against the big teams with his Dad, Mum, Uncle and mate Steve as his crew,” recalled team manager Brett Peters.
“I watched him the whole weekend, and was impressed with not just his speed but his determination and race craft.
“Aaron also got the chance to have a one-off drive in the Marc GT car at Queensland Raceway this year, where he won his class and broke the lap record.
“At that point the facts stacked up that Aaron had plenty of potential.”
Cameron will carry the Bushranger colours last campaigned by Harris, who will be supported by a new, as yet unnamed sponsor.
“This opportunity to race for Peters Motorsport and have Bushranger as my major backer for the season is definitely my best yet after racing karts and cars all over the world it's an awesome opportunity to have,” said Cameron.
The season begins in Adelaide on March 1-4.