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I have a franchise in Sydney.

I have a franchise in Sydney. This is the 1st state to have franchise law so how will South Australia law effect my franchisor or me?

Because you are in NSW and

Because you are in NSW and the laws currently up for debate are in WA and SA-no effect on you. However, in the absence of adequate federal protections the states are likely to follow the WA/SA example once accepted as best practice.
Mandating a requirement to act in good faith along with penalties for breaches of the mandatory code will deter rogue operators and protect franchisee assets. Good franchisors have nothing to fear because they would already be complying with the code.Contact http://www.nationalfranchiseecoalition.com and talk to your state rep.