<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ender83:
This has the added bonus of allowing you reciprocal benefits with the Admiral's Clubs, so essentially you can get BA, QF and AA for the price of one.</font>
The Qantas Club membership only lets you use a lounge if you're travelling with the relevant airline on the same day, so it's not quite like having an AC membership.