Tonight's Group B encounter will be the sixth meeting between the two sides and Australia have only beaten Chile once, in a Presidents Cup game in 1987.
They last met in February 2000 as Chile ran out 2-1 winners in the only ever edition of the Copa Valparaiso, and the odds are stacked against the Socceroos tonight.
Pedro Gonzalez opened the scoring for La Roja before Steve Corica equalised early on in the game 14 years ago, but a late penalty from Reinaldo Navia saw Chile win the match which helped them on their way to lifting the trophy in the tournament on home soil.
Former Newcastle man Clarence Acuna played for Chile in the game against Australian goalkeeper Mark Schwarzer, who then played for Middlesbrough.
Schwarzer has made over 500 appearances in the Premier League and was released by Chelsea last month after spending a season in West London.
Former Manchester City midfielder Danny Tiatto also played for the Socceroos, as did Josip Skoko who played for Wigan Athletic.
Chile are seen by many as dark horses at the tournament, and will look to get off to a great start in a difficult group with a win against Australia tonight.
Barcelona's Alexis Sanchez is the main threat in attack but a young Australian squad will look to nullify La Roja's threat in what should be an interesting game.
Australia's first ever point at a World Cup came against Chile in 1974 in a 0-0 draw, and it remains the only clean sheet the Socceroos have kept in ten World Cup games since.
They would certainly take a point tonight, as Chile will look to attack the tournament's lowest ranked side at every opportunity.