Williams is the out-right favourite to win the tournament after an impressive return from giving birth to her first child.
The American, who has 23 Grand Slam titles to her name, came agonisingly close to equalising Court’s all-time record of 24 major tournament wins last year.
Williams suffered losses in the Wimbledon and US Open final but will be determined to equal Court in Melbourne.
However, the Australian cannot see Williams winning the season-opening Grand Slam.
“I think it’s possible for Serena to equal me, if anybody’s gonna do it, it’s Serena, but I don’t think there’s a clear-cut favourite,” Court told Melbourne’s Herald Sun Newspaper.
“I think it’s a pretty open tournament and I think an outsider can win it.
“When you’re young, you tend not to think about it too much.
“I won my first Australian championship when I was 17 and I had no nerves.
“As I went along… it became harder.”
Williams gets her campaign underway on Tuesday against Tatjana Maria.
And former world No 1 Chris Evert believes the 37-year-old is feared by the rest of the field.
“[Serena] does seem very, very relaxed… she does seem fitter than she was last year,” Evert told ESPN.
“The scary thought: The women have to be thinking at this point, ‘Oh my gosh, I mean she was like 60 to 70 per cent last year reaching two Grand Slam finals and now she seems fitter, she seems leaner, she’s moving better.
“She’s fresher and we all know Serena is very dangerous when she’s fit and when she’s healthy.
“And you always know that the motivation is going to be there with or without a family.
“She had it when she was single maybe she has it even more so now proving her platform of being a working mother maybe that is really getting her all revved up and motivating her even more.”
Source : EXPRESS