My wife has just been invited to renew her QC membership, and I quote from the email
I hope you are enjoying your Qantas Club experience and that you'll take this opportunity to renew your membership.
As a member, you'll continue to enjoy:
- access to more than 130 Qantas Club, Qantas international Business Lounges, partner airline and associated lounges worldwide for your comfort and convenience;
Certainly no hint of any downgrade of service
Page 36 of the July 2010 Benefits guidelines (QC3104Jul10 - the most recent one I've seen) specifically mentioned BA Galleries Club Lounge (Business) and Galleries First lounges located in Terminal 3 and Terminal 5
Of course the fine print on page 37 reads : Lounge Access and locations are subject to change without notice ....