On OzBargain there's a post from a user saying they have cleared 100,000 points from the Basic + Platinum cards.
Sadly, while I've applied twice I cannot confirm because I haven't yet activated the ANZ Black or met the minimum spend.
When I called up to upgrade the ANZ Basic to ANZ Black the girl on the phone suggested lodging a new application as if she upgraded the card it would not be eligible for the first year free. She also seemed to think that the second application would get the second set of bonus points as well.
There is hope .
Thank you.