Just letting everyone know that I saw on the news that Virgin Atlantic would be stopping flights between Sydney and Hong Kong from the 5th May 2014.
I had a booking to Hong Kong in mid September and when I called, they were offering refunds through the initial payment method or to rebook the flight on a different airline (My option was Cathay Pacific but I'm not sure if they are all going to be the same).
For more information here is the link
Get the refund and go book yourself on a different airline.
Don't let VA rebook you.