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Simon Obee from Employment Innovations discusses free downloadable employment contract templates for businesses in Australia, which can be obtained via a provided link. The templates cover full-time, part-time, and casual employees. Obee emphasizes the importance of having an employment contract to clarify the terms and conditions of employment, including the employee's status (permanent or casual), working hours, eligibility for extra pay for overtime, notice periods for termination, and award coverage classifications. Employers must also provide written information regarding award coverage, highlighting the need for clear contracts to avoid ambiguity in employment terms.