The Opals will begin their Olympics campaign against Great Britain late on day one of the London Games.
Australia's women's basketball side has won the silver medal at three straight Olympics but go into London without star player Penny Taylor.
The men's side, the Boomers, will face Brazil in its opening match on day two, before facing a Spanish side featuring the Los Angeles Lakers' Pau Gasol on day four.
The Boomers face the hosts in a potentially crucial fourth match.
The two sides play on alternate days for the opening ten days of the Olympics and continue to do so if they reach the quarter-finals which begin on day 11 and 12 respectively.
Opals draw (times AEST):
Day 1: Sunday July 29, 7:15 - Australia v Great Britain
Day 3: Monday July 30, 23:30 - Qualifier 5 v Australia
Day 5: Wednesday August 1, 23:30 - Australia v Brazil
Day 7: Friday August 3, 20:15 - Russia v Australia
Day 9: Sunday August 5, 23:30 - Qualifier 3 v Australia
Day 2: Sunday July 29, 20:15 - Brazil v Australia
Day 4: Tuesday July 31, 20:15 - Australia v Spain
Day 6: Thursday August 2, 20:15 - Australia v China
Day 8: Sunday August 5, 5:00 - Great Britain v Australia
Day 10: Monday August 6, 18:00 - Australia v Qualifier 3