There seems to be an offer now to renew Qantas Club membership that earns bonus status credits.would be nice an offer to convert QFF points to SC without travelling but we can dream...
1 Year Membership renewal for 52,000 points earns 50 Status Credits
2 Year Membership renewal for 102,000 points earns 100 Status Credits
It wouldn't let me join Qantas Club as a new member, presumably as I have lounge access through QFF status. I haven't clicked all the way through, but it appears to allow me to take up the renewal offer which has bonus status credits.
So effectively it looks like this may be a way to convert QFF points to SC at just over 1,000 QFF points per SC.