No. My understanding is you're contract on $X per month. So with that said you can always go onto a higher plan and/or reduce back to your contracted amount anytime during that period. After your end date there's more freedom, as then can drop to a lower plan if need be.
Be best to have a chat with Optus directly as I'd hate to read that you inadvertently cancel your current contract ect.
Cheers Dave
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