For some, it's a celebration of culture.
For others it's a day of mourning.
While many see it as a time to pay tribute to the survival and resilience of Australia's first peoples.
For Aboriginal people and Torres Strait Islanders across the country, Australia Day embodies a variety of meanings.
The word 'celebrate' is often thrown around come January 26 - but many don't see it as a day of festivities.
In Hobart, hundreds will mark the day with a street march to the lawns of Parliament House.
Adam Thompson, a Community Education Worker at the Tasmanian Aboriginal Centre, helps organise the rally.
He refers to January 26 as Invasion Day because of its association with the dispossession of Aboriginal land.
"It is a day of mourning because it does symbolise the invasion of our land. It makes people angry in our community, that Australians are celebrating on a day that is negative for us."
Professor Jakelin Troy is the Director of Aboriginal and Torres Strait Islander Research at the University of Sydney.
She says while there are aspects of modern Australia which Indigenous people want to celebrate, it is difficult to overlook the dispossession that came with the arrival of the First Fleet.
"There are languages gone, people gone, there are cultural histories, knowledges that are gone as a result of 1788. I don't know how we can embody into the celebrations for the 26th of January."
Professor Troy says there is a need to better cater to Indigenous perspectives and shift away from sugar-coating** the day.
"We shouldn't have to be marching and protesting and making big political commentaries in order to get recognition - that should be built into this day. There should be, in all the advertising that goes out about Australia Day...it shouldn't be this frivolous, frothy sort of stuff about barbeques and coloured towels and spending the day at the beach. It should be, you know what does Australia day mean for all Australians?"
Catriona Elder is an Associate Professor in the Department of Sociology and Social Policy at the University of Sydney.
She says it's important to consider how Indigenous people are included or excluded in Australia Day events and whether there is room for the day to be marked as something other than a celebration.
"Governments are sort of, are on the side of caution and say, oh let's just focus on the events that make people happy, that bring people together. Rather than say there is a place for political opposition, dissent, uncomfortable feelings on Australia Day. In actual fact that would be an important part in thinking about the history of our country."
But mourning is not a sentiment expressed by all Indigen ous peoples.
Many communities like to celebrate on January 26.
Uncle Bill Nicholson, a Wurundjeri elder from Melbourne, says he prefers the word 'celebration' because it carries a more positive message.
"I've found if you sit there and bring up all the atrocities in detail and try to make todays community feel the guilt of the past people shut down and the message doesn't really get across."
For several years Uncle Bill has been a part of an event called 'Survival Day.'
Taking place in Belgrave in Melbourne's east, it celebrates the survival of local Aboriginal culture, showcasing performers, speakers, dancers and stallholders.
But Uncle Bill says the event is not designed to gloss over the past.
"Survival Day in Belgrave isn't just something about, I suppose, being all nice and warm and fluffy about Aboriginal culture. There are very important messages conveyed across, in that particular day as well, concerning our history and the impacts of colonial period on our people past and present."
And in Sydney, thousands will mark Australia Day at the annual Yabun Festival, the largest one-day celebration of Aboriginal and Torres Strait Islander culture in Australia.
The event, which is held on the traditional lands of the Gadigal people, in Sydney's inner-west, will showcases a variety of music, arts, dance and speakers.
Indigenous musician, Bart Willoughby, is the headline act at this year's festival.
For him, the day is about acknowledging the past and embracing identity.
"What Australia [Day] is when you celebrate the history instead of trying to cover it up and pretend you're something else. A real Australian is someone who knows where they really, really come from."