Yes, to a limited extent. Traders from Macassar in Sulawesi are known to have visited the north west coast in praus (small sailing boats) in search of trepang (sea cucumbers, an Asian delicacy which was in demand in China). The northernmost parts of the Australian coast are only about 90 miles south of the southernmost islands of what's now Indonesia, and as such there's no obvious reason why this trade should not have been of considerable antiquity. However, the records that survive go back only to 1751. Historians have estimated the actual start date of the Macassan voyages south at between 1640 and 1720.

The Cambridge Economic History of Australia notes that this was not simply a matter of Macassans taking what they wanted from Australian waters; it was a genuine trade, up to 3,000 Macassans lived on the Australian coast during the monsoon season, when the weather made a return voyage impossible, and "many Aboriginal people went to Macassar on praus, and amicable trading relations were established." It helped that Australians did not eat sea cucumber, so there was no competition for resources.

In exchange for the sea cucumbers, Macassans handed over alcohol, pipes, rifles and tomahawks to their Australian trading partners.

The best source for this trade is C.C. Macknight's The Voyage to Marege: Macassan Trepangers in Northern Australia (1976).