To get this you’ll need to book online, via the official website. And of course the T&Cs could always change, so buyer beware, but reports on ozbargain are that it’s working for them.
It’s now $8 for up to 3.5 hours parking in T123.
If you book for 30 mins, you get a 2 hour grace period on either side of your booking, and an hour afterwards. So with the grace periods either side you can extend that 30 min to 3.5 hours without extra charge.
An example: You plan to be at the airport from 3:30pm to 7pm. You book for 5:30pm to 6pm and pay $8. With this booking you can enter any time after 3:30 pm and you have to leave before 7pm to avoid extra charges. The drive up rate would be $49 and if you booked for the 3.5 hours you intend to use it would be $34, so this is a considerable savings.
If you need some evidence other than online commenters, the official FAQ states: (bolding by me)