The actor, who first appeared in Ramsay Street as Lou Carpenter in 1988, will follow the lead of former co-star Ian Smith and reduce his hours. However, unlike Smith, Oliver has no plans to permanently leave the series.
As part of his new contract, he will alternate between four-month blocks of filming and four-month breaks.
Oliver recently revealed his ideal exit for Lou should he ever leave Ramsay Street.
> Click here to read our interview with Tom Oliver