Conversion of ANZ Travel$ Miles in 5,000 Mile Blocks (up from 2,000)

It has just come to come to my attention that from 15 December 2015, the conversion of Travel$ to Singapore Airlines KrisFlyer Programme must be done in blocks of 5,000 Miles (5,000 Travel$) instead of the previous 2,000. Suppose you have 99,000 Travel$ in your account right now, you will now be able to transfer only 95,000 Travel$ (instead of 98,000 Travel$ under the old system). 

 ANZ Travel Visa Signature Card | Photo Credit: ANZ Singapore

ANZ Travel Visa Signature Card | Photo Credit: ANZ Singapore

This is similar to the standards that UOB already has and the administrative charge of S$25 stays the same for each mile conversion request. Also, it does seem like you can still convert your Travel$ in blocks of 2,000 if you are transferring to Asia Miles but I will confirm as soon as possible.