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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000943663-07-000474.txt : 20070829
<SEC-HEADER>0000943663-07-000474.hdr.sgml : 20070829
<ACCEPTANCE-DATETIME>20070829192439
ACCESSION NUMBER:		0000943663-07-000474
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070613
FILED AS OF DATE:		20070829
DATE AS OF CHANGE:		20070829

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABERDEEN AUSTRALIA EQUITY FUND INC
		CENTRAL INDEX KEY:			0000779336
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133304681
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	BUSINESS ADDRESS:	
		STREET 1:		800 SCUDDERS MILL ROAD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536
		BUSINESS PHONE:		2129688800

	MAIL ADDRESS:	
		STREET 1:		800 SCUDDERS MILL ROAD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST AUSTRALIA FUND INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Smith Andrew Alasdair
		CENTRAL INDEX KEY:			0001309614

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04438
		FILM NUMBER:		071088933

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		954.527.2967

	MAIL ADDRESS:	
		STREET 1:		LAS OLAS PLACE
		STREET 2:		300 SE 2ND STREET, SUITE 820
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-06-13</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000779336</issuerCik>
        <issuerName>ABERDEEN AUSTRALIA EQUITY FUND INC</issuerName>
        <issuerTradingSymbol>IAF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001309614</rptOwnerCik>
            <rptOwnerName>Smith Andrew Alasdair</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1735 MARKET STREET</rptOwnerStreet1>
            <rptOwnerStreet2>37TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19103</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Vice President - Compliance</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock (par value $.01)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes></footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Andrew A. Smith, by Patrick W. Dennis, attorney-in-fact, pursuant to a Power of Attorney</signatureName>
        <signatureDate>2007-08-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poaasmith.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
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<TITLE>POWER OF ATTORNEY</TITLE>
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<B><FONT SIZE=3><P ALIGN="CENTER">POWER OF ATTORNEY</P>
<P ALIGN="CENTER"></P>
</B><P>Know all by these presents, that the undersigned hereby constitutes and appoints each of Sander M. Bieber, David J. Harris, David M. Geffen, Brian S. Vargo, Karl Paulson Egbert, Tiffany A. Ford, Victoria M. Szybillo, and Patrick W. Dennis as the undersigned's true and lawful attorneys-in-fact to:</P>
</FONT>
<div align="center">
  <center>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=638 style="border-collapse: collapse" bordercolor="#111111">
<TR><TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P>1.</FONT></TD>
<TD WIDTH="91%" VALIGN="TOP">
<FONT SIZE=3><P>execute for and on behalf of the undersigned, in the undersigned's capacity as a reporting person pursuant to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder of <B>Aberdeen Australia Equity Fund, Inc., Aberdeen Asia-Pacific Income Fund, Inc.</B>, and/or <B>Aberdeen Global Income Fund Inc.</B> (together, the "Funds"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Exchange Act;</FONT></TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="91%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P>2.</FONT></TD>
<TD WIDTH="91%" VALIGN="TOP">
<FONT SIZE=3><P>do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file such form with the United States Securities and Exchange Commission and stock exchange or similar authority, including without limitation, completing and filing an application for EDGAR codes (i.e., CIK and CCC codes); and</FONT></TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="91%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">
<FONT SIZE=3><P>3.</FONT></TD>
<TD WIDTH="91%" VALIGN="TOP">
<FONT SIZE=3><P>take any other action of any type whatsoever in connection with the foregoing that, in the opinion of any of such attorneys-in-fact, may be of benefits to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by any of the such attorneys-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as any of such attorneys-in-fact may approve in the discretion of any of such attorneys-in-fact.</FONT></TD>
</TR>
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  </center>
</div>

<FONT SIZE=3>
<P>The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that any of such attorneys-in-fact, or the substitute or substitutes of any of such attorneys-in-fact, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor are the Funds assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.</P>

<P>This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Funds, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.</P>

<P>IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 17th day of August, 2007.</P>
</FONT>
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<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P>Signature:</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<U><FONT SIZE=3><P>/s/ Andrew A. Smith</U></FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="85%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=3><P>Name: </FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=3><P>Andrew A. Smith</FONT></TD>
</TR>
</TABLE>

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</SEC-DOCUMENT>
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