Not necessarily. The end of the Red Q venture probably marks the end of the attempts to circumvent the QSA with regards to a premium product.
It was the means to offshore Qantas itself. It appears to be unviable. So unless pressure can be brought to bear on the government to repeal the QSA, QF management are stuck with the unsavoury prospect of having to promote the airline that was formerly a fixture in the top three brand names in Australia.
That will be, and I hate to use this phrase, a paradigm shift. It will require a cleaning out of upper level management and the Board, who simply cannot fathom such an approach. Dare we hope...?