Yep it is, and if you take out a membership with this site you can get it at the corporate rate saving you some bucks... Just need to work out if it works for you with how much traveling you do...
If you do enough traveling to get to gold status you get complimentary Qantas Club membership.
Otherwise as casanovawa said it depends on how much you travel. Decide annual cost by number of one way flights...is it worth spending that amount on each trip.
It is a great way to travel getting away from the crowds.
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