PART 6Assessment of household income and capital

CHAPTER 3Earned income

Meaning of “earned income”45.

“Earned income” means the remuneration or profits derived from—

(a)

employment under a contract of service or in an office, including elective office,

(b)

a trade, profession or vocation, or

(c)

any other paid work, or

(d)

any income treated as earned income in accordance with this Chapter.