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Simon Obee from Employment Innovations introduces free downloadable employment contract templates for businesses in Australia, available via a link. The templates cater to full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract to clarify the terms and conditions of employment, including whether the employee is permanent or casual, their working hours, overtime pay entitlement, notice periods for termination, and their classification under any applicable modern awards. Additionally, employers must provide written information regarding award coverage, making employment contracts essential for clear communication and compliance.