I have a cancelled $75 fare waiting in the wings since June last year. To date I have not been able to use it.
I have tried three times to use this credit ($42=$75-$33 back then) without success due to the Nett cost being more than I could purchase over the internet. That is the cost of the new "over the 'phone" fare less my $75 credit plus the $33 fee came out more than I could buy the same flight for on-line.
Last time I tried when calling Qantas the cheapest nett cost was to be about $10 more.
I have not tried since the fee went up $5.50 to $38.50.
Maybe I should wait until I need to buy a non deep discounted fare.