Considering the email that turned up yesterday from CASA, I'd say very likely..
"The start of the new licensing suite of regulations is now just over a month away. On 1 September 2014 the transition period for Parts 61, 64, 141 and 142 of the Civil Aviation Safety Regulations begins. Over the four year period from 1 September 2014 all pilots will have their licences converted from the current format under Part 5 of the Civil Aviation Regulations to the new format under Part 61 of the Civil Aviation Safety Regulations. Pilots can continue to use their current licence during the transition period until it is converted. The four year transition period has been established to enable CASA to manage the conversion of about 40,000 licences as smoothly as possible. From 1 September 2014 all new pilot licences, ratings and endorsements will be issued under the Part 61 regulations. New requirements for flight reviews and proficiency checks will also take effect.
We are encouraging pilots to apply for a new licence document only when their flight instructor or flight examiner notifies CASA of a flight review, proficiency check or a flight test for a new licence, rating or endorsement. By adopting this approach there will be an orderly flow of licence conversions, rather than a potential log jam if many pilots apply at one time. When a flight review, proficiency check or flight test is conducted pilots will complete a form to transfer their qualifications to Part 61. The flight examiner or instructor will make an entry on the current licence in the first available space and then draw a line directly under it. The examiner or instructor can also sight and certify copies of any original permissions not contained in the current licence that need to be transferred to the new Part 61 licence. This includes permissions contained in the log book or any other instrument that confers privileges under the Civil Aviation Regulations. Both the notification and transfer forms will then be sent to CASA, along with certified copies of any permissions. All the permissions will then be placed in the new Part 61 licence, which will have been updated using the details provided on both forms. The new Part 61 licence will then be printed and posted to the pilot. We are asking pilots to then carefully check all of the permissions listed in the new licence document to ensure none have been missed. If a pilot believes a current permission is missing from their new Part 61 licence, a resolution form will be available on the CASA website from 1 September 2014.
For most pilots the only noticeable change under Part 61 is they will get a new licence document with a slightly different format, although the new licence looks similar to the old and is still on paper. The first pages will still contain the Government crest and a pilot’s personal details. Next will be a list of all licences - for example private pilot licence and commercial pilot licence - and aircraft ratings. Any design features and flight activity endorsements held will then be listed, followed by any operational ratings and their associated endorsements. The biggest change pilots will notice is the addition of tables to the end of their licence because sticky labels will no longer be used in logbooks. Any new ratings and endorsements gained by a pilot will now be written directly onto the Part 61 licence tables by instructors and examiners.
Please find out more about the new licences and other changes in the licensing suite by regularly visiting the CASA website.
Best regards
John F McCormick"