As reported by Executive Traveller
From December 15, 2023 - Qantas will be decreasing the minimum amount of points needed to transfer from 5,000 to 1,500 and removing the 600k annual cap all together.
Therefore on Classifieds, there will be no more 600k limit. However as reported in AFF, more routinely inspections of transfers (regarding family status) will start to occur.
There is still a cap 🤔
"Remember, you can transfer up to 4,000,000 Qantas Points to eligible family members in any 12-month period."