Does this mean that come October 1st, my renewal date will re-set from March to October? I've been considering the situation based on my Qantas experience where there's a renewal date set in stone. My VA renewal date has always been March and I thought that was fixed?I believe you are conflating issues.
Once you attain a status you have 12 months to earn the needed SC to requalify that status. You might call that a "Benefit Period".
To attain a status on any one day, the number of SC's earn in the previous 365 days are taken into account. Here's the current T&C's:
Terms and Conditions
This explains the definition, applicable terms, related changes and terms related to membership, velocity pin, velocity estrore, family pooling, redeeming points, status credit, member benefit,tax, fees, charges and other related thingswww.velocityfrequentflyer.com