It's back again for May, this time 15% transfer bonus together with a 15% points discount for award bookings in May -

http://www.velocityfrequentflyer.com...ge_Hero_Banner

Pointshack has a list of the historical bonuses and timings - http://www.pointhacks.com.au/velocit...ption-bonuses/

Offer History

Sometimes knowing how Virgin has run this offer in the past may help you to decide if you should take advantage of it now. Here’s the offer history:

May 2015: 15% transfer bonus, 15% discount
November 2014: 15% transfer bonus
May 2014: 10% transfer bonus, 10% discount
October 2013: 15% transfer bonus, 15% discount
April 2013: 15% transfer bonus
October 2012: 15% transfer bonus
September 2011: 20% bonus