Co-host Argentina will open the tournament on 12 June with a match-up against Chile in Buenos Aires as the pair reprise their recent rivalry.
Graham Arnold's men, who will be guests at the tournament, were drawn in Group A for the South American continental championship, which starts on June 12.
This will be the fourth Copa America in six years but is slated to be the last one until 2024 as organisers move to a regular quadrennial format.
Australia's only win against Argentina in a men's worldwide came in 1988 when it famously triumphed 4-1 in Sydney, with Arnold featuring in the home side's line-up.
"Argentina need the title, more than just him (Lionel Messi)".
Brazil will enter the 2020 tournament as the defending Champions after defeating Peru 3-1 in the final earlier this year.
Argentina have not won the tournament since 1993 while Colombia have lifted the trophy only once - when they hosted it in 2001.
The 2019 Asian Cup champions competed in last year's Copa America earning a draw against Paraguay in a competitive campaign. Eight teams, or the top four from each group, make it through to the quarterfinals.