Tendulkar needs just 77 runs to beat retired West Indies captain Brian Lara's landmark of 11,953 and is expected to reach the milestone in the four-Test series beginning in Bangalore on October 9.
"I don't have too many great memories of him because he tends to score heavily against us," Ponting said.
"I have the highest regard for him. He is a true champion, one of the all-time greats, and reaching this milestone would be a great reward for him.
"But we are here to win and know pretty well that we have to dismiss him early if we are to win here. We have come here with a few plans for him and hope our plans click."
Tendulkar, who has averaged 56 against Australia in 25 Tests, already holds three world records -- the highest number of runs in one-day internationals (16,361) and most centuries in Tests (39) and one-dayers (42).
Key Australian paceman Brett Lee said he had been looking forward to bowling to one of the great batsmen.
"He is a world-class player who has proved himself over more than a decade," said Lee.
"You talk about Don Bradman, Lara, Sachin and probably Ricky. It is an honour to bowl to Sachin and getting his wicket is the ultimate prize."
Australian fast bowler Mitchell Johnson said it was always a challenge to bowl to Tendulkar.
"I don't want to make any prediction but I can say it is going to be a great challenge (to bowl to him)," said Johnson.
Tendulkar said Monday he was not focusing on the world record but on the team's performance.
"I just have to go and play my best. Records will come if you keep playing well. My mind is not on the 77 runs and it is not as if I can relax after getting these runs," he said.
"For the four Tests against Australia the team has some targets and I am more focused on those."
Tendulkar was recently declared fit for the Australia Tests after missing the one-day series in Sri Lanka last month due to an elbow injury.
Australia play their only practice game before the series here from October 2. The Bangalore Test will be followed by back-to-back matches in Mohali, New Delhi and Nagpur.