Got email from QFF Store regarding their current promotion (20% off on QANTAS store and 10% off on giftcards). The original deal has been posted here by gavt already. This deal beats recent MS deal by $12 (Considering 78885 points for $500 Wish Gift Card with 10% discount. This boils down to 157.77 points for $1 = $367.78 for 58040 points).
Note: I am not sure whether you can claim TRS as the mode of payment would be QFF Points. So this deal is probably better for people who are not going to claim TRS.
Product available in following options
1 Black - 58040 Points
1 Sliver - 58040 Points
2 Pack (Black) - 114,936 points
2 Pack (Silver) - 114,936 points
2 Pack (Black + Silver) - 114,936 points