I would not be too sure.
How does the 'comp' show?
Qantas keep the status at the prior level for some days into a new month, presumably in case some later SC's come in. Within about a week, the guillotine can fall.
Sadly, with last year's web site revisions there is now an issue with the first few days of a new month when the status showing is implied as valid for another 12 months. This is often not the case and status drops in a few days.
Generally, those being comped rather then drop a level for July would have received a new card around mid June, although it is not always the case.
More here:
http://www.australianfrequentflyer....lyer-program/quick-status-question-63961.html