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Simon Obee from Employment Innovations discusses free downloadable employment contract templates available for Australian businesses, covering full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract to clarify the terms and conditions of employment, such as the employee's classification (permanent or casual), start and finish times, overtime pay entitlements, notice periods for termination, and modern award coverage. Obee notes that employers are required to provide written information about award coverage, highlighting that without an employment contract, these critical employment details remain ambiguous. For access to the templates, viewers can click the provided link.