BL6.5 Definitions (08/04/2013)

BL6.5.1 Substantial investment

Substantial investment means the purchase of 25% or more of the shareholding of a business.

BL6.5.5 Self-employment

1. Self-employment is lawful active involvement in the management and operation 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 BL6.5.1).
2. For the avoidance of doubt, self-employment does not include involvement of a passive or speculative nature.

BL6.5.10 Full-time employment

For the purpose of these instructions, full-time employment is considered to be at least 30 hours of work per week.

BL6.5.15 Working capital

For the purposes of Entrepreneur Plus Category instructions, working capital is capital that is tied to assets used in the on-going maintenance or day-to-day running of a business.

Effective 08/04/2013