It has been that way in NZ part 61 since its inception however there are differences from the CASA rule.
In NZ, CPL holders subject to company "competency demonstration" are exempted in the rules from BFR for private flying VFR. However if your company has a cyclic training/competency program then your Instrument Rating is not valid outside of the company/type aircraft. If you want to use your IF rating privately then you will need a separate IF renewal.
The reason is that the cyclic program does not cover all the IF renewal requirements as it is aircraft specific.
Last edited by c100driver; 30th Jan 2015 at 01:43.