This report provides an analysis of the Fair Work Act 2009, examining its significant impact on Australian industrial relations. It traces the evolution of employment relations from the servant-master model to the current employer-employee dynamic, highlighting the influence of institutionalism and the introduction of the Act. The report covers key features of the Act, including good faith bargaining, enterprise agreements, modern awards, unfair dismissal provisions, and minimum wage adjustments. It compares the FWA to the previous Work Choices legislation, focusing on the changes in employee representation and the role of the Fair Work Ombudsman. The analysis discusses the complexities of the new system, the potential for disputes in areas like unfair dismissal, and the overall impact on employees and employers. The report concludes that while the FWA did not completely restore the pre-Work Choices form of regulation, it introduced several new aspects and retained some of the fundamental areas incorporated by Work Choices. The study also includes several references of the topic from various authors.