There is nothing in the AS3600 formwork finishes that refers to the visibility or otherwise of bar chairs. You may be able to incorporate that aspect into another section of the table but that interpretation would probably be subject to negotiation, more difficult after the fact.
A proper Class 2 finish is quite challenging for a lot of contractors more used to producing Class 3 or worse. What are the test panels like? Establishing and maintaining a standard for a high class finish is difficult without prior test panels (you did it good enough last time, why not this time). Is a Class 2 finish necessary and appropriate, per the architect's intent?
Photos make it a lot easier to judge whether your situation is acceptable or not, of course.