BH4.5 Definitions (29/11/2010)

BH4.5.1 Substantial investment

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

BH4.5.5 Self-employment

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.
2. For the avoidance of doubt, self-employment does not include involvement of a passive or speculative nature.

Effective 29/11/2010