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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000943663-08-000258.txt : 20080402
<SEC-HEADER>0000943663-08-000258.hdr.sgml : 20080402
<ACCEPTANCE-DATETIME>20080402184729
ACCESSION NUMBER:		0000943663-08-000258
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080325
FILED AS OF DATE:		20080402
DATE AS OF CHANGE:		20080402

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:			SHERMAN BRIAN M
		CENTRAL INDEX KEY:			0001202438

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04438
		FILM NUMBER:		08735286

	MAIL ADDRESS:	
		STREET 1:		1775 EYE STREET NW
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20006
</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>2008-03-25</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001202438</rptOwnerCik>
            <rptOwnerName>SHERMAN BRIAN M</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>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock (par value $.01)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes></footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Brian M. Sherman, by Sander M. Bieber, attorney-in-fact, pursuant to a Power of Attorney</signatureName>
        <signatureDate>2008-04-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poasherman.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
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<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=638 style="border-collapse: collapse" bordercolor="#111111">
<TR><TD VALIGN="TOP" COLSPAN=5>
<B><FONT SIZE=2><P ALIGN="CENTER">POWER OF ATTORNEY</B></FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=4>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=5>
<FONT SIZE=2><P>KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned, being a person required to file a statement under Section 16(a) of the Securities Exchange Act of 1934, as amended (the "1934 Act") and/or Section 30(f) of the Investment Company Act of 1940, as amended (the "1940 Act"), with respect to <B>Aberdeen Australia Equity Fund, Inc.</B>, <B>Aberdeen Asia-Pacific Income Fund, Inc. </B>and/or <B>Aberdeen GLOBAL Income Fund, Inc. (together "Funds")</B>, constitutes and appoints Allan S. Mostoff, Sander M. Bieber, Olivia P. Adler, Jennifer O. Epstein and Wendy Fox, and each of them, as his or her true and lawful attorney-in-fact and agent with full power of substitution and resubstitution for such attorney-in-fact in such attorney-in-fact's name, place and stead:</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=4>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="TOP">
<FONT SIZE=2><P>&#149</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP" COLSPAN=4>
<FONT SIZE=2><P> to execute, for and on behalf of the undersigned, any and all statements on Forms 3, 4, and 5 as are required to be filed by the undersigned  pursuant to the 1934 Act and the 1940 Act, and any amendments or supplements thereto;</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="45%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="TOP">
<FONT SIZE=2><P>&#149</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP" COLSPAN=4>
<FONT SIZE=2><P>to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission and with such stock exchange(s) or similar authorities as may be required, and to make such filings electronically both (i) before such filings are required by applicable law or rule to be made electronically and (ii) when such filings are required by applicable law or rule to be made electronically; and</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="45%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="TOP">
<FONT SIZE=2><P>&#149</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP" COLSPAN=4>
<FONT SIZE=2><P>to complete and file such applications and other documents on behalf of the undersigned as may be necessary or desirable to permit the foregoing filings to be made electronically on behalf of the undersigned.</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=4>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=5>
<FONT SIZE=2><P>The undersigned grants unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done to effect the foregoing, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=4>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=5>
<FONT SIZE=2><P>The undersigned acknowledges and understands that filings made electronically with the Securities and Exchange Commissions pursuant to the authority granted hereto will be made publicly available on the website of the Securities and Exchange Commission.</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=4>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=5>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IN WITNESS WHEREOF, the undersigned has duly executed this Power of Attorney on the date indicated below.</FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 style="border-bottom-style: none; border-bottom-width: medium">&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="46%" VALIGN="TOP" COLSPAN=2 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="JUSTIFY">/s/ Brian M. Sherman</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" style="border-right-style: none; border-right-width: medium">&nbsp;</TD>
<TD WIDTH="26%" VALIGN="TOP" style="border-bottom-style: solid; border-bottom-width: 1; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<FONT SIZE=2><P ALIGN="JUSTIFY">10/16/2002</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP" style="border-style:none; border-width:medium; ">
&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="46%" VALIGN="TOP" COLSPAN=2 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="JUSTIFY">Signature</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 style="border-top-style: none; border-top-width: medium">
<FONT SIZE=2><P ALIGN="JUSTIFY">Date</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="46%" VALIGN="TOP" COLSPAN=2 style="border-bottom-style: solid; border-bottom-width: 1">
<FONT SIZE=2><P ALIGN="JUSTIFY">Brian M. Sherman</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
<TR>
  <TD WIDTH="46%" VALIGN="TOP" COLSPAN=2 style="border-top-style: solid; border-top-width: 1">
<FONT SIZE=2><P ALIGN="JUSTIFY">Printed Name</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP" COLSPAN=2>&nbsp;</TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="JUSTIFY"></P></FONT></BODY>
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