The family will also honour the Crocodile Hunter's greatest passion: conservation.
Throughout the day, visitors will be invited to participate in discussions at the forefront of some of the most ground-breaking work in the field of conservation.
The annual event will also involve a free breakfast BBQ at Australia Zoo along with a performance from Christine Anu at the Mount Franklin Crocoseum.
Being an international celebration, the Irwin family will Livestream the day as people all around the world celebrate the life and legacy of Steve Irwin - who tragically passed away from a stingray attack in 2006.
Visitors have even been encouraged to wear their "best khakis" - the Crocodile hunter's most iconic look.
Ahead of the 2011 celebration of Steve Irwin day, Bindi shared several touching words about her late father.
"We think of daddy every day, and are carrying on in his footsteps," the 21-year-old said. "I learned so much from my dad, he taught me new things every day... He inspires me to continue to fight for what I believe in every day and to never give up. I am so lucky to have my mum and brother there for me too; they're always giving me support."
Bindi also plans to honour her late father on her wedding day, when she marries long-term boyfriend Chandler Powell.
"I really want to include Dad on the day and make sure that he is with us in some way," the 21-year-old told People last month.
"We'll be able to all get up as a little family and light a candle in his honour and share a few words on what an amazing dad he was and still is."
With that being said, it appears that the Crocodile Hunter is never far from his daughter's thoughts.