-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 A6dz2w+zkZqZ+H0FWpo9uLl0TOwqejWOHdS/gCAnrd9m39X8stFsNv3cXGcP7f5X
 FSV6tbvZ5Y5JBkf+AZ9yQw==

<SEC-DOCUMENT>0001287695-09-000884.txt : 20091229
<SEC-HEADER>0001287695-09-000884.hdr.sgml : 20091229
<ACCEPTANCE-DATETIME>20091229163500
ACCESSION NUMBER:		0001287695-09-000884
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20091031
FILED AS OF DATE:		20091229
DATE AS OF CHANGE:		20091229
EFFECTIVENESS DATE:		20091229

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABERDEEN AUSTRALIA EQUITY FUND INC
		CENTRAL INDEX KEY:			0000779336
		IRS NUMBER:				133304681
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04438
		FILM NUMBER:		091264251

	BUSINESS ADDRESS:	
		STREET 1:		800 SCUDDERS MILL ROAD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536
		BUSINESS PHONE:		866-839-5205

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
000 B000000 10/31/2009
000 C000000 0000779336
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 ABERDEEN AUSTRALIA EQUITY FUND, INC.
001 B000000 811-04438
001 C000000 6092824600
002 A000000 800 SCUDDERS MILL ROAD
002 B000000 PLAINSBORO
002 C000000 NJ
002 D010000 08536
002 D020000 1606
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 ABERDEEN ASSET MANAGEMENT ASIA LIMITED
008 B000001 A
008 C000001 801-620202
008 D010001 SINGAPORE
008 D050001 SINGAPORE
008 D060001 049480
008 A000002 ABERDEEN ASSET MANAGEMENT LIMITED
008 B000002 S
008 C000002 801-25821
008 D010002 SYDNEY
008 D050002 AUSTRALIA
008 D060002 2000
010 A000001 ABERDEEN ASSET MANAGEMENT INC.
010 B000001 028-11020
010 C010001 PHILADELPHIA
010 C020001 PA
010 C030001 19103
012 A000001 THE BANK OF NEW YORK MELLON CORP.
<PAGE>      PAGE  2
012 B000001 85-05006
012 C010001 JERSEY CITY
012 C020001 NJ
012 C030001 07310
013 A000001 KPMG LLP
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
014 A000001 ABERDEEN FUND DISTRIBUTORS LLC
014 B000001 8-67799
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 NORTH QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
015 A000002 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000002 S
015 C010002 SYDNEY
015 D010002 AUSTRALIA
015 D020002 2000
015 E040002 X
015 A000003 DEUTSCHE BANK AG
015 B000003 S
015 C010003 AMSTERDAM
015 D010003 NETHERLANDS
015 D020003 1017
015 E040003 X
015 A000004 STATE STREET BANK & TRUST COMPANY
015 B000004 S
015 C010004 EDINBURGH
015 D010004 SCOTLAND
015 D020004 EH52AW
015 E010004 X
015 A000005 DEUTSCHE BANK S.P.A.
015 B000005 S
015 C010005 MILAN
015 D010005 ITALY
015 D020005 20126
015 E040005 X
015 A000006 DBS BANK LTD.
015 B000006 S
015 C010006 HAW PAR CENTRE
015 D010006 SINGAPORE
015 D020006 239922
015 E040006 X
018  000000 Y
019 A000000 N
019 B000000    0
020 A000001 CITIGROUP GLOBAL MARKETS, INC.
020 B000001 11-2418191
<PAGE>      PAGE  3
020 C000001     57
020 A000002 MACQUARIE CAPITAL (U.S.A.) SECURITIES, INC.
020 C000002     31
020 A000003 DEUTSCHE BANK SECURITIES INC.
020 B000003 13-2730828
020 C000003     29
020 A000004 RBC CAPITAL MARKETS CORPORATION
020 B000004 13-5033225
020 C000004     11
020 A000005 J.P. MORGAN SECURITIES INC.
020 B000005 13-3299429
020 C000005      5
020 A000006 CREDIT SUISSE SECURITIES (USA) L.L.C.
020 B000006 13-5659485
020 C000006      3
020 A000007 GOLDMAN, SACHS & CO.
020 B000007 13-5108880
020 C000007      2
020 A000008 BASS TRADING CORP.
020 C000008      1
020 C000009      0
020 C000010      0
021  000000      139
022 A000001 STATE STREET GLOBAL MARKETS, LLC
022 C000001    452364
022 D000001         0
022 A000002 CREDIT SUISSE SECURITIES (USA) L.L.C.
022 B000002 13-5659485
022 C000002       306
022 D000002       286
022 C000003         0
022 D000003         0
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000     452670
023 D000000        286
024  000000 N
026 A000000 N
026 B000000 N
<PAGE>      PAGE  4
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.000
048 A010000    50000
048 A020000 1.100
048 B010000    50000
048 B020000 0.900
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000   100000
048 K020000 0.700
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
<PAGE>      PAGE  5
054 M000000 Y
054 N000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 N
060 B000000 N
061  000000        0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 Y
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
<PAGE>      PAGE  6
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000     25595
071 B000000     35332
071 C000000    159464
071 D000000   16
072 A000000 12
072 B000000      258
072 C000000     8149
072 D000000        0
072 E000000        0
072 F000000     1446
072 G000000      139
072 H000000        0
072 I000000       34
072 J000000       59
072 K000000        0
072 L000000      113
072 M000000      231
072 N000000        0
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       62
072 S000000      503
072 T000000        0
072 U000000        0
072 V000000        0
<PAGE>      PAGE  7
072 W000000      241
072 X000000     2828
072 Y000000        0
072 Z000000     5579
072AA000000    20749
072BB000000    22508
072CC010000    66001
072CC020000        0
072DD010000    19979
072DD020000        0
072EE000000        0
073 A010000   0.3100
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.7300
074 A000000     8987
074 B000000        0
074 C000000      264
074 D000000        0
074 E000000        0
074 F000000   201847
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000        0
074 K000000        0
074 L000000        0
074 M000000      148
074 N000000   211246
074 O000000        0
074 P000000      198
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      182
074 S000000        0
074 T000000   210866
074 U010000    19236
074 U020000        0
074 V010000    10.96
074 V020000     0.00
074 W000000   0.0000
074 X000000    11568
074 Y000000        0
075 A000000        0
075 B000000   163795
076  000000    11.40
077 A000000 Y
077 B000000 Y
080 A000000 LIBERTY MUTUAL INSURANCE COMPANY LIMITED
<PAGE>      PAGE  8
080 C000000     1250
081 A000000 N
081 B000000   0
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000     29
086 A020000    281
086 B010000     23
086 B020000    143
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 ABERDEEN AUSTRALIA EQUITY FUND, INC.
087 A020000 003011103
087 A030000 IAF
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   PAUL CHAYTOR
TITLE       ACCOUNTING MANAGER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>aberaus77b.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Independent Auditors&#8217; Report</TITLE>
<META NAME="author" CONTENT="Stephen M. Latin">
<META NAME="date" CONTENT="11/17/2009">
</HEAD>
<BODY>
<BR>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>Report of Independent Registered Public Accounting Firm</B></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">To the Shareholders and </P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Board of Directors of </P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Aberdeen Australia Equity Fund, Inc.:</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">In planning and performing our audits of the financial statements of the Aberdeen Australia Equity Fund, Inc. (the &#147;Fund&#148;) as of and for the year ended October 31, 2009, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund&#146;s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund&#146;s internal control over financial reporting. Accordingly, we express no such opinion.</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. &nbsp;In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. &nbsp;A company&#146;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. &nbsp;A company&#146;s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provi
de reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the Fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company&#146;s assets that could have a material effect on the financial statements.</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. &nbsp;Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate.</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund&#146;s annual or interim financial statements will not be prevented or detected on a timely basis.</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Our consideration of the Fund&#146;s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). &nbsp;However, we noted no deficiencies in the Fund&#146;s internal control over financial reporting and its operations, including controls over safeguarding securities that we consider to be a material weakness as defined above as of October 31, 2009.</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">This report is intended solely for the information and use of management and the Board of Directors of Aberdeen Australia Equity Fund, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:252pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">/s/ KPMG LLP</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=justify>December 28, 2009</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=justify>Philadelphia, PA</P>
<BR>
<BR>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
