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Model WHS laws. In 2011, Safe Work Australia developed the model work health and safety (WHS) laws to be implemented across Australia. To become legally binding the Commonwealth, states and territories must separately implement them as their own laws. Safe Work Australia is responsible for maintaining the model WHS laws, but we don't regulate.. Luckily, the current Corporations Act 2001 (Cth) (the Act) sets a uniform approach to corporate law in Australia. Now, more than 20 years since its inception, this article will discuss how the Act came into force and outline key areas of importance for corporations. The Corporations Act. Each State and Territory has adopted the Corporations Act.