Good for those of us with banked up Qantas points:
Qantas Frequent Flyer members can now enjoy more value than ever before. This permanent program change means you can use 30% less points for Qantas Hotels and 45% less points for Qantas Holidays when you book using Points Plus Pay.* It's a program change giving you more value than ever before.
Still a complete utter waste of points.