The WHS legislation requires persons who conduct a business or undertaking (PCBUs) to manage all work health and safety risks, so that the health and safety of workers and other people are not affected by an organisation's conduct.
Explaining 'hazards' and 'risks'
Hazard: A hazard is a situation that has the potential to harm a person.
Risk: A risk is the possibility that the harm (i.e. death, an injury or an illness) might occur when exposed to a hazard.