BL6.5 Definitions

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 this policy, full-time employment is considered to be at least 30 hours of work per week.

Effective 30/11/2009