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Simon Obee from Employment Innovations discusses free downloadable employment contract templates for businesses in Australia. Available templates cover full-time, part-time, and casual employees. Having an employment contract ensures clarity on terms and conditions of employment, including whether an employee is permanent or casual, their working hours, entitlement to extra pay for long hours, notice periods for termination, and their classification under a modern award. Employers are obligated to provide written information about award coverage. An employment contract clearly outlines these aspects, which is crucial for both employers and employees.