Do I have to pay a points penalty if I cancel my award flights after Qantas made changes to it?

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Dr Ralph

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Qantas has changed my flight times for a scheduled international flight in 2020. They've indicated that I need to call them to confirm all of the changes that they have made.

I was considering cancelling the booking as I'm not happy with the change(s) made.

If I do cancel the booking for this reason will I still have to pay the points penalty normally associated with cancelling award bookings or would they waive the penalty in this instance?
 
If it was a cash booking you'd be entitled to a full refund so I don't see why a points booking should be any different.
 
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