Defrayed costs are defraying legal costs in cases where a person is inadmissible.
Defrayed risks are those that can be avoided by not paying the costs.
The Australian Securities and Investments Commission (ASIC) says that if you are liable for any costs associated with your investment, you are required to pay these out of your personal income.
The Commission says the maximum amount of defrayable risks for an investment is $3,000.
In some circumstances, an investor who is not liable for costs is able to reduce his or her personal risk of being found liable for them by making an income payment.
In other cases, the person who is liable for the costs is required to make a payment.
You can calculate your personal risk by taking the following steps:How much do you pay in personal income?
Defrayable risk as a percentage of your income:Defrayal of personal risk as percentage of income:Personal risk as % of your total income:Income paid for defrayables:Incomes paid for expensesDefrayables paid for:Personal risks paid forPersonal risks defrayEDAL is a product of the Australian Securities & Investments Commission.
It helps investors understand how their personal risk can be reduced through a range of investments, including equities, bonds, and shares.