Kerr, who has received praise for getting back on the catwalk and embracing her new curves since becoming a mother earlier this year, said that she has never thought of herself as sexy despite her role as one of Victoria's Secret's models.
Jennifer Hawkins and boyfriend of seven years Jake Wall posed together for the shoot, while Ricki-Lee Coulter showed off her new slim physique and said that she has always been a "self-assured" person.
Lara Bingle, who recently said that she is "embracing" a fuller figure, said that that she finds "confidence" sexy in a man. Natalie Imbruglia said that she has got "wiser" and "sexier" with age, while Rosie Huntington-Whiteley admitted that her pouting lips have got her "into trouble" in the past.
I Am Number Four star Teresa Palmer, who is dating US actor Scott Speedman, and Jodi Gordon, engaged to rugby player Braith Anasta, were both mentioned in the list and said that the "sexiest" people they know are their partners.
Other celebrities featured in the list included Liam Hemsworth, Mel B, Ryan Gosling, Kim Kardashian, Blake Lively, Olivia Wilde, Colin Farrell, Mila Kunis and Emma Stone.
Last year's list in Who included Hawkins, Imbruglia and Packed to the Rafters star Jessica Marais.