The requirment for a Maintenance release or, Certificate of Maintenance Review, or Relseae to Service to be signed by a LAME will still be there. It is just the requirement for a preflight or transit check to be signed by a LAME that won't be there.
I heard a whisper that the new QF -800's didn't require a preflight signed by LAME?
Indeed - by dragging Australian Regs into the 21st cenntury you should see a raft of improvements.
Under some Maintenance systems I have worked with, what you call a Maintenance Release, issued for 1 month/50 cycles or the like - actually became a Certificate of Maintenance Review issued every 12 months by the QA dept.