The attack on the memorial to John Batman one of the founders of the southeastern city of Melbourne -- was among several reported in the run-up to Australia Day on Sunday.
Images in local media showed the top half of the central Melbourne stone monument lying on the ground.
Batman's reputation as a pioneer has been stained by historical accounts of his part in the killing of Indigenous people in Tasmania and a lopsided deal he struck with Indigenous people to acquire land in Victoria.
Authorities said Friday they were investigating after vandals poured red paint over a sandstone statue in Sydney of British explorer James Cook and smashed off its hand and nose.
Thousands of activists typically hold protests around the country on Australia Day, drawing attention to the many hardships still faced by Indigenous Australians.
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