Well, what can I say... good offer and well done Velocity!
There has been some discussion about a lack of award availability to LAX. Out of interest, I just checked for business class availability on every single VA flight to/from LAX during the promo period.
I only found one date on any route with J availability. There are currently 2x business reward seats on VA2 LAX-SYD departing 3 April. Good luck to any AFFer/s able to book these seats!
There is a smattering of premium economy seats available for 50,100 points one-way, or 100,200 points + ~$150 round-trip. That's a pretty good deal in my books!
For those interested, I checked for premium economy on the MEL-LAX and LAX-SYD routes. The following dates have at least one PE reward seat available:
MEL-LAX: 3/4, 5/4, 8/4. 15/4, 17/4, 3/5, 10/5, 12/5, 15/5, 21/5, 27/5, 28/5, 29/5, 7/6, 11/6, 12/6, 10/7, 15/7, 19/7, 24/7, 29/7, 14/8, 16/8, 21/8, 27/8, 28/8, 30/8, 2/10, 9/10, 16/10, 23/10, 30/10
LAX-SYD: 1/4, 2/4, 3/4, 7/4, 10/4, 15/4, 16/4, 1/5, 14/5, 15/5
Economy is also available on many dates.