ABRDN Australia Equity Fund (IAF) VP discloses no beneficial share ownership

Rhea-AI Filing Summary

ABRDN Australia Equity Fund, Inc. reported an insider ownership update for one of its officers. The filing identifies the reporting person as a Vice President of the fund and confirms this is a filing by a single reporting person. According to the disclosure, no securities are beneficially owned by this officer at the time of the reported event on 12/10/2025. The form is signed under a power of attorney, indicating the submission was authorized on the reporting person's behalf.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Reilly Heather Carter

(Last) (First) (Middle)

C/O ABRDN

1900 MARKET STREET, SUITE 200

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/10/2025

3. Issuer Name and Ticker or Trading Symbol
ABRDN AUSTRALIA EQUITY FUND, INC. [ IAF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Robert Stieger by POA from Reporting Person	12/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does this insider ownership filing mean for ABRDN Australia Equity Fund, Inc. (IAF)?

This filing shows that a Vice President of ABRDN Australia Equity Fund, Inc. has no beneficial ownership of the fund’s securities as of the reported date.

Who is the reporting person in this ABRDN Australia Equity Fund (IAF) insider report?

The reporting person is identified as an officer, specifically a Vice President, of ABRDN Australia Equity Fund, Inc.

Does the reporting officer of ABRDN Australia Equity Fund (IAF) own any shares?

No. The remarks section explicitly states that no securities are beneficially owned by the reporting officer.

What is the date of the event reported for ABRDN Australia Equity Fund (IAF)?

The date of the event requiring this insider ownership statement is 12/10/2025.

Is this insider filing for ABRDN Australia Equity Fund (IAF) a joint filing?

No. The disclosure states that the form is filed by one reporting person, not by a group.

How was this ABRDN Australia Equity Fund (IAF) insider form signed?

The form is signed as /s/ Robert Stieger by POA from Reporting Person, indicating it was executed under a power of attorney.