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For a $1.4m item I too would be cautious Paul but I'd be happy to satisfy the work test by undertaking actual work for recompense as long as the effort and reward were genuine and documented. For a $1.4m item I'd probably want a ruling from the ATO before relying on an arrangement that does not...

The definition of gainful employment in s 1.03 is pretty broad: gainfully employed means employed or self-employed for gain or reward in any business, trade, profession, vocation, calling, occupation or employment. Doesn't sound too hard to document and report on a tax return some paid...