Yep seems that way. From the 'Important information' section;ing that it states “ordinarily” will be paid
Up to 100,000 bonus Qantas Points offer is available to new approved Qantas Premier Platinum credit card account holders who apply by 28 February 2019. 70,000 bonus Qantas Points will be awarded when $3,500 is spent in the first 90 days from approval. Cash Advances, Balance Transfers, Refunds, Chargebacks and Special Promotions do not contribute to the spend threshold. The 70,000 bonus Qantas Points will ordinarily be credited within 6 - 8 weeks of meeting the spend criteria. Once the annual fee is paid on the anniversary of the card approval, allow up to 12 weeks for the remaining 30,000 bonus points to be awarded. All rewards are subject to the Qantas Premier Credit Card Rewards Terms and Conditions. The account needs to be in good standing for bonus points to be awarded. Offer may be extended or withdrawn at any time.