Securities and Exchange Commission Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 11) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Aberdeen Australia Equity Fund, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------------------------------------------------- (Title of Class of Securities) 318652104 -------------------------------------------------------------------------------- (CUSIP Number) Moritz Sell Bankgesellschaft Berlin AG Alexanderplatz 2 D-10178 Berlin Germany +44.20.7572.6200 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 22, 2005 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ] Page 1 of 7 Pages -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. ID NO. OF ABOVE PERSON Bankgesellschaft Berlin AG -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ] PURSUANT TO ITEM 2(d) OR 2(e) -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Federal Republic of Germany -------------------------------------------------------------------------------- NUMBER OF SOLE VOTING POWER 4,812,650 SHARES -------------------------------------------------------------------------------- BENEFICIALLY SHARED VOTING POWER OWNED -------------------------------------------------------------------------------- BY EACH SOLE DISPOSITIVE POWER 4,812,650 REPORTING -------------------------------------------------------------------------------- PERSON SHARED DISPOSITIVE POWER WITH -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,812,650 -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [ ] SHARES -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.68% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON BK -------------------------------------------------------------------------------- Page 2 of 7 Pages This Amendment No. 11 amends and supplements Items 2 and 5 and Annex A of the Statement on Schedule 13D of Bankgesellschaft Berlin AG (the "Bank") with respect to the shares of Common Stock, par value $.01 per share (the "Common Stock"), of the Aberdeen Australia Equity Fund, Inc. (the "Fund"). Annex A sets forth the name, address and principal occupation of each director and executive officer of the Bank and the name, address, jurisdiction of incorporation and principal business of each shareholder of the Bank who may be deemed to be in control of the Bank. All of the individuals listed on Annex A are citizens of the Federal Republic of Germany. Items not included in this amendment are not amended and remain as previously reported. ITEM 2. IDENTITY AND BACKGROUND We note that every time we amend Annex A to the Bank's Schedule 13D, we automatically reiterate, unless otherwise explicitly set forth in such amendment, the statement made in Item 2 of the Bank's Amendment No. 7 to its Schedule 13D. Such statement is as follows: Based on the information about the persons listed on Annex A that is available to the Bank pursuant to German labor law (including a police certificate of no criminal record), the Bank is unaware of any information that would render incorrect the statements in (d) and (e) of Item 2 of the Bank's Statement on Schedule 13D with respect to the persons listed in Annex A. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) According to the latest Proxy Statement of the Fund filed with the Commission on Form DEF 14A on April 8, 2005, there were 16,777,298 shares of Common Stock outstanding at March 10, 2005. The percentage set forth in this Item 5(a) was derived using such number. The Bank is the beneficial owner of 4,812,650 shares of Common Stock, which constitute approximately 28.68% of the outstanding shares of Common Stock. (b) The Bank has sole power to vote and to dispose of the shares of Common Stock owned by it. (c) During the last sixty days, the Bank has effected the following sales in the shares of Common Stock in reliance upon Rule 144 under the Securities Act of 1933, as amended: DATE NUMBER OF SHARES PRICE PER SHARE May 4, 2005 1,700 $11.0029 May 10, 2005 4,800 $11.0421 May 11, 2005 13,700 $10.9355 May 12, 2005 8,000 $10.9500 May 16, 2005 5,600 $10.6284 May 18, 2005 20,500 $10.7006 May 19, 2005 10,200 $10.7554 May 20, 2005 27,400 $10.7893 May 23, 2005 1,600 $10.9500 June 24, 2005 4,800 $12.3756 Page 3 of 7 Pages June 30, 2005 7,500 $12.1439 July 1, 2005 5,000 $12.0977 July 5, 2005 4,500 $12.0222 July 6, 2005 3,400 $11.6094 July 11, 2005 20,000 $11.7105 July 12, 2005 2,600 $11.7585 July 13, 2005 15,500 $11.6671 July 14, 2005 3,500 $11.5700 (d) No person other than the Bank has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock owned by the Bank. (e) Inapplicable. Page 4 of 7 Pages SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: July 22, 2005 BANKGESELLSCHAFT BERLIN AG By: /s/ Dirk Kipp --------------------------------- Name: Dirk Kipp Title: Managing Director By: /s/ Moritz Sell --------------------------------- Name: Moritz Sell Title: Director Page 5 of 7 Pages ANNEX A ------- Unless otherwise indicated, the business address for all individuals listed in this Annex A is Bankgesellschaft Berlin AG, Alexanderplatz 2, D-10178 Berlin, Federal Republic of Germany. MEMBERS OF THE MANAGING BOARD <TABLE> ---------------------------------------------------- ------------------------------------------------------------ NAME AND ADDRESS PRINCIPAL OCCUPATION ---------------------------------------------------- ------------------------------------------------------------ Hans-Joerg Vetter Chairman of the Managing Board of ---------------------------------------------------- Bankgesellschaft Berlin AG ------------------------------------------------------------ ---------------------------------------------------- ------------------------------------------------------------ Serge Demoliere Member of the Managing Board of Bankgesellschaft Berlin AG ---------------------------------------------------- ------------------------------------------------------------ ---------------------------------------------------- ------------------------------------------------------------ Uwe Kruschinski Member of the Managing Board of Bankgesellschaft Berlin AG ---------------------------------------------------- ------------------------------------------------------------ ---------------------------------------------------- ------------------------------------------------------------ Dr. Thomas Veit Member of the Managing Board of Bankgesellschaft Berlin AG ---------------------------------------------------- ------------------------------------------------------------ ---------------------------------------------------- ------------------------------------------------------------ Martin Klaus Mueller Member of the Managing Board of Bankgesellschaft Berlin AG ---------------------------------------------------- ------------------------------------------------------------ EXECUTIVE OFFICER ---------------------------------------------------- ------------------------------------------------------------ NAME AND ADDRESS PRINCIPAL OCCUPATION ---------------------------------------------------- ------------------------------------------------------------ ---------------------------------------------------- ------------------------------------------------------------ Alt, Volker Managing Director of Bankgesellschaft Berlin AG Recht ------------------------------------------------------------ ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Boehmer, Willi Managing Director of Bankgesellschaft Berlin AG Finanzen ------------------------------------------------------------ Brunnenstra(beta)e 111 D-13355 Berlin ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Boenke, Frank-Michael Managing Director of Bankgesellschaft Berlin AG Compliance ------------------------------------------------------------ Brunnenstrasse 111 D-13355 Berlin ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Brummel, Beate Managing Director of Bankgesellschaft Berlin AG Kreditbereich Kapitalmarktgeschaft Strukturierte ------------------------------------------------------------ Finanzierungen/Projektfinanzierungen ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Burmester, Dr. Christian General Manager of Bankgesellschaft Berlin AG London Branch London Branch 1 Crown Court ------------------------------------------------------------ Cheapside GB-London EC2V 6LR ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Butzer, Arnold Managing Director of Bankgesellschaft Berlin AG Vertrieb Immobilienfinanzierung ------------------------------------------------------------ Corneliusstr, 7 D-10787 Berlin ---------------------------------------------------- </TABLE> Page 6 of 7 Pages <TABLE> ---------------------------------------------------- ------------------------------------------------------------ Scheer, Gunter Managing Director of Bankgesellschaft Berlin AG Unternehmensentwicklung ------------------------------------------------------------ ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Gunther, Steffen Managing Director of Bankgesellschaft Berlin AG Geschaftsfeldstab Immobilienfinanzierung ------------------------------------------------------------ Corneliusstr, 7 D-10787 Berlin ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Hirschhaeuser, Dr. Karl-Friedrich Managing Director of Bankgesellschaft Berlin AG Controlling ------------------------------------------------------------ ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Kipp, Dirk Managing Director of Bankgesellschaft Berlin AG Eigenhandel and Treasury ------------------------------------------------------------ ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Lange, Axel Managing Director of Bankgesellschaft Berlin AG Kreditbereich IBAG/IBG ------------------------------------------------------------ Hardenbergstr. 20 D-10623 Berlin ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Papesch, Uwe Managing Director of Bankgesellschaft Berlin AG Equities and Zins-/Kreditprodukte ------------------------------------------------------------ ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Reutter, Dr. Georg Managing Director of Bankgesellschaft Berlin AG Kredit Immobilien BG ------------------------------------------------------------ Corneliusstr, 7 D-10787 Berlin ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Roller, Gerhard Managing Director of Bankgesellschaft Berlin AG Internationales Geschaft ------------------------------------------------------------ ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Schoelper, Siegfried Managing Director of Bankgesellschaft Berlin AG Risikocontrolling ------------------------------------------------------------ Brunnenstra(beta)e 111 D-13355 Berlin ---------------------------------------------------- ---------------------------------------------------- ------------------------------------------------------------ Schroeder, Bartho Managing Director of Bankgesellschaft Berlin AG Business Management ------------------------------------------------------------ ---------------------------------------------------- </TABLE> SHAREHOLDERS WHO MAY BE DEEMED TO CONTROL THE BANK The following shareholders of the Bank may be deemed to control the Bank: The State of Berlin Page 7 of 7 Pages