0001752724-19-001190.txt : 20190111
0001752724-19-001190.hdr.sgml : 20190111
20190111143503
ACCESSION NUMBER: 0001752724-19-001190
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20181031
FILED AS OF DATE: 20190111
DATE AS OF CHANGE: 20190111
EFFECTIVENESS DATE: 20190111
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: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-04438
FILM NUMBER: 19522154
BUSINESS ADDRESS:
STREET 1: 1735 MARKET STREET
STREET 2: 32ND FLOOR
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
BUSINESS PHONE: 215-405-5700
MAIL ADDRESS:
STREET 1: 1735 MARKET STREET
STREET 2: 32ND FLOOR
CITY: PHILADELPHIA
STATE: PA
ZIP: 19103
FORMER COMPANY:
FORMER CONFORMED NAME: FIRST AUSTRALIA FUND INC
DATE OF NAME CHANGE: 19920703
N-CEN
1
primary_doc.xml
X0101
N-CEN
LIVE
0000779336
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811-04438
false
false
false
N-2
ABERDEEN AUSTRALIA EQUITY FUND INC
811-04438
0000779336
5493003SC25JJLM4UH12
1735 MARKET STREET
32ND FLOOR
PHILADELPHIA
19103
US-PA
US
215-405-5700
State Street Bank and Trust Company
1 Lincoln Street
Boston
02111
617-786-3000
Custody and Accounting Records.
N
N
N-2
Y
William J. Potter
000000000
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Moritz Sell
000000000
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P. Gerald Malone
000000000
N
Peter D. Sacks
000000000
N
Hugh Young
000000000
Y
Neville J. Miles
000000000
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Jeffrey Cotton
004713561
1735 Market St. 32nd Floor
Philadelphia
19103
XXXXXX
N
N
N
N
N
N
KPMG LLP
185
5493003PVCIGA21K0K42
N
N
N
N
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ABERDEEN AUSTRALIA EQUITY FUND INC
5493003SC25JJLM4UH12
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0
0
0
N/A
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N
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N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
N
N
N
N
Aberdeen Asset Management Asia Limited
000-00000
000000000
549300FVV8VHKPMMRT38
SG
N
Aberdeen Standard Investments Australia Limited
801-25821
000110753
196E9ZZSNIHJQZZY8256
AU
N
Computershare Trust Company, National Association
85-11340
2549001YYB62BVMSAO13
N
N
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
PricingDirect Inc.
549300WIC0TOJ7N7GD54
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
Thomson Reuters Corporation
549300561UZND4C7B569
CA
N
ICE Data Services, Inc.
5493000NQ9LYLDBCTL34
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
Citibank, National Association (Singapore, SG, Branch)
E57ODZWZ7FF32TWEFA76
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank Aktiengesellschaft (Amsterdam, Noord Holland, NL, Branch)
7LTWFZYICNSX8D621K86
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch)
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
State Street Bank and Trust Company (London, GB, Branch)
0000000000
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank Societa per Azioni
529900SS7ZWCX82U3W60
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
Computershare Trust Company, National Association
2549001YYB62BVMSAO13
N
N
N
Aberdeen Asset Management Inc.
549300RU316J568TLL50
Y
N
N
ALPS Distributors, Inc.
N/A
000016853
0000000000
0.00000000
Aberdeen Fund Distributors, LLC
N/A
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0.00000000
Goldman Sachs & Co. LLC
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FOR8UP27PHTHYVLBNG30
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Bloomberg Tradebook LLC
N/A
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110.74000000
Instinet, LLC
8-23669
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549300MGMN3RKMU8FT57
40.90000000
Credit Suisse Securities (USA) LLC
8-422
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First NZ Capital Equities Limited
N/A
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NZ
543.58000000
Citigroup Global Markets Inc.
8-8177
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Macquarie Group Limited
N/A
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AU
6632.45000000
Societe Generale
8-49963
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FR
1290.27000000
UBS Securities LLC
8-22651
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T6FIZBDPKLYJKFCRVK44
6278.11000000
Bank Of America Merrill Lynch Securities Inc
8-33359
000016139
0000000000
4650.64000000
27434.94000000
UBS Securities LLC
8-22651
000007654
T6FIZBDPKLYJKFCRVK44
597534.44000000
State Street Bank and Trust Company
N/A
000000000
571474TGEMMWANRLN572
28565798.89000000
29163333.33000000
N
142460101.65000000
Common stock
ABERDEEN AUSTRALIA EQUITY FUND INC
N
N
N
N
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0.91000000
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INTERNAL CONTROL RPT
2
NCEN_4645959021612877.txt
Report of Independent Registered Public
Accounting Firm
To the Shareholders and Board of Directors of
Aberdeen Australia Equity Fund, Inc.:
In planning and performing our audit of the financial
statements of Aberdeen Australia Equity Fund, Inc. (the
"Fund") as of and for the year ended October 31, 2018,
in accordance with the standards of the Public Company
Accounting Oversight Board (United States), we
considered the Fund'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-CEN, but not for the purpose of
expressing an opinion on the effectiveness of the Fund's
internal control over financial reporting. Accordingly, we
express no such opinion.
Management of the Fund is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls. A
company'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. A company'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) provide
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's assets
that could have a material effect on the financial
statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect
misstatements. 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.
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's annual or interim financial
statements will not be prevented or detected on a timely
basis.
Our consideration of the Fund'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).
However, we noted no deficiencies in the Fund's internal
control over financial reporting and its operation,
including controls over safeguarding securities that we
consider to be a material weakness as defined above as
of October 31, 2018.
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.
/s/ KPMG LLP
Philadelphia, Pennsylvania
December 27, 2018
Information Classification: Limited Access
Information Classification: Limited Access