Which Answer Best Describes the Following Corporate Governance System in Australia

Which answer best describes the following corporate governance system in Australia: 'legislation based in the states, with state-based legal jurisdiction, separate state-based regulators and a body of laws originally designed to be similar across the states, but in practical effect they were not always exactly the same.'

A) Scheme based on Uniform Companies Acts 1961-2
B) National Co-operative Scheme 1981-89
C) Scheme based on Corporations Act 1989
D) Scheme commonly known as the 'Corporations Law' that commenced in 1991