He is on, he's performing, polishing up act (9)
I believe the answer is:
shoeshine
'polishing up act' is the definition.
'shoeshine' can be an answer for 'polishing' (I have seen 'Polishing of footwear' mean 'shoeshine' so perhaps 'polishing' could also mean 'shoeshine'). I'm not sure about the 'up act' bit.
'he is on he's performing' is the wordplay.
'performing' indicates an anagram (the letters move around or 'perform').
'he'+'is'+'on'+'hes'='heisonhes'
'heisonhes' with letters rearranged gives 'SHOESHINE'.
Can you help me to learn more?
(Other definitions for shoeshine that I've seen before include "Footwear polishing (US)" , "Footwear cleaning (US)" , "polish" .)