The exchange of knowledge, skills and experience can improve management in transboundary regions through improved understanding of issues, development of partnerships, and acquisition of new skills amongst regional groups and stakeholders. A structured knowledge exchange in the form of a week-long study tour was piloted involving representatives of coastal communities from Indonesia and Timor-Leste travelling to the Northern Territory in Australia. The exchange was conducted as part of the Arafura Timor Seas Ecosystem Action Program and facilitated by two Australian organisations. The tour involved a series of activities, workshop sessions and field visits with a range of government, non-government and Indigenous (Australian) organisations to generate ideas, innovations, partnerships and shared understanding of community-based marine and coastal management and livelihoods between the three countries. The development, design, implementation and evaluation results of the study tour are evaluated. The results show that participants gained broad capacity benefits in four areas: raised awareness about different community and co-management approaches to marine conservation and management and livelihoods improvement, enhanced knowledge of tools for implementation of marine conservation and management, improved consensus and teamwork amongst participants, and increased potential for developing networks among the three countries. The results also highlight areas for potential improvement in study tour preparation, format and capacity outcomes that provide valuable lessons for others looking to embark on similar knowledge exchange activities.