Income Tax Act 2007 section 774

Meaning of "occupation"

Section 774 defines the term "occupation" as it is used throughout this Chapter, clarifying what types of work activities fall within its scope regardless of the individual's employment status.

• An "occupation" means any activities of the kind typically undertaken in a profession or vocation.
• It does not matter whether the individual carries on the profession or vocation on their own account (i.e. as a sole practitioner or self-employed person).
• The definition equally applies where the individual is an employee or holds an office, such as a company director.
• The term is deliberately broad, ensuring that the Chapter's provisions apply to professional or vocational activities regardless of the legal arrangement under which they are performed.