So just business as usual for Qantas then, make it harder to accumulate points, while never having reward seat availability for the points you did manage to accumulate.
Points Club Plus was a definite advantage, QC membership, and 50% additional points on Qantas hotel stays, but that's going to be a thing of the past.
They do like to screw down their loyal customers every chance they get.
You never see them *adding* value to their points program, it's always about what they can take away, all in the name of "simplifying" the experience?
20 years has been a good run, maybe it's time to chase those Velocity points instead.