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deciphering fare class/rules?

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Was pricing an Australia trip and stumbled across this:

Code:

  V FARE BASIS    BK    FARE  TRAVEL-TICKET AP  MINMAX  RTG
  1  *QKE0ZNMD/8N02  Q<R  1390.00 C31JL  T31JL  -/3  -/12M PA01
PASSENGER TYPE-ADT                AUTO PRICE-YES             
FROM-RDU TO-MEL    CXR-UA    TVL-08MAR13  RULE-6CSO FBRINPV/864
FARE BASIS-QKE0ZNMD/8N02    SPECIAL FARE  DIS-L  VENDOR-ATP
FARE TYPE-PRO      RT-ECONOMY PROMOTIONAL
USD  1390.00  CONS  E28DEC12 D31JUL13  FC-QKE0ZNMD  FN-   
SYSTEM DATES - CREATED 19FEB13/1713  EXPIRES INFINITY

It says "V FARE BASIS" but it's clearly a "Q" fare code... is this common or normal? And in this particular case I think all the upgrade rules are basically the same, but would it be possible that someone buys a fare that is "Q FARE BASIS" with the same actual fare code and is therefore higher on an upgrade list than this fare?

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