Practical Completion for New Building Inspection Greater Brisbane, Ipswich, Logan, Redland Bay and Moreton Bay Areas
Definition applicable to contracts entered into from 1 July 2015 is
practical completion, for a domestic building contract, means the day when the subject work is completed-
(a) in compliance with the contract, including all plans and specifications for the work and all statutory requirements applying to the work; and
(b) without any defects or omissions, other than minor defects or minor omissions that will not unreasonably affect occupation; and
(c) if the building owner claims there are minor defects or minor omissions-the building contractor gives the building owner a defects document for the minor defects or minor omissions.
Schedule 1 B, section 1 of the Queensland Building and Construction Commission Act 1991 (Qld)
There is a lot of information on the QBCC web site for both home owners and contractors.