I guess it's a matter of our two minds reading and interpreting differently. I read " from minimum of 40% up to a cap of 500". So if my SC balance is 1500, I won't received 40% (600SC) as that is over the capped amount. I will only receive the maximum capped amount of 500SC.Sorry, not arguing with you, only the 'logic' of what's been written.
If a Plat had 100 eligible SCs, Qantas would roll over all 100, as its less than the maximum.
If a Plat had 600 eligible SCs, Qantas would roll over 480, as that's the capped amount of 40% of the total to retain that tier.
If Plat had 1000 eligible SCs, Qantas would still roll over 480, as that's the capped amount of 40% etc.
I don't see how 500 can come into it, unless its an error. If that's the true maximum, then the wording should be "For Plats, we'll roll over 40% of eligable SCs you've earned, up to a maximum of 500SCs". But we'll see; QF has been pretty generous, so not complaining about them - only their copywriter.
Anyway, status is renewed and there is some rollover of Status Credits. Bewdy mate!