Just some examples I found just now for J ex SYD return with qsuites (so the new flights)
MAD 15/16 - 23 April
QR website - $11,572
VA website $13,595
SQ for comparison - $10,256
EY for comparison - $10,328
AMS 15/16 - 23 April
QR website - $9,951
VA website - $13,037
SQ for comparison - $10,294
EY for comparison - $8,885
I also fly ex CGK sometimes, and in previous times I've always noticed QR around $500 - $1000 more expensive than EY. These are not some cherry-picked examples either, I've been doing a lot of comparisons, and the VA website is generally always much more expensive than QR (which in itself is always more expensive than any competitor).
Now it seems like VA has a significant premium on the exact same flights as QR does - and now with the new spend-based rule where you need to spend the majority of the money on VA-marketed flights, it seems like this is being done on purpose to fleece customers flying international.
This is not real competition, and given VA has a complete lack of competitive international flights, even through this wet lease, I just don't see how I can remain a VA customer.