BC2.1 Definition of self-employment (29/11/2010)

1. Self-employment is lawful active involvement in the management and operating of a business in New Zealand which the principal applicant has established or purchased, or in which the principal applicant has made a substantial investment (see (b) below).
2. Substantial investment is defined as the purchase of 25% or more of the shareholding of a business.
3. For the avoidance of doubt, self-employment does not include involvement of a passive or speculative nature.

Effective 29/11/2010