Not in NSW, Qld or Vic, that I know from personal experience. My 10yr NSW licence comes up for renewal next month, but I know they are now only available for five years - the government found that 10 yr licences meant a loss of revenue when they increased the fees since it took so long before everyone had to pay them. The requirement for a new licence is to front up and get a new photo taken and pass an (easy) eyesight test. Oh! and pay your fee.
The five year licence is available until you get to (I think) 75, when it becomes an annual one subject to a medical and driving test. When you initially get a licence after passing the required test, you get a provisional licence that requires you to display a "P" front and rear and subjects you to lower speed limits and a wider range of offences for immediate loss of licence. This has recently become a two stage affair over, I think, three years, with a further test at each stage. JD