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Simon Obee from Employment Innovations discusses free downloadable employment contract templates for Australian businesses. These templates cover full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract to ensure clarity on terms and conditions of employment, such as employment type (permanent or casual), work hours, overtime pay, notice periods for termination, and classification under modern awards. Additionally, he notes that employers must provide written information about award coverage. Having these details outlined in a contract is essential to avoid misunderstandings and legal issues.