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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. He emphasizes the importance of having an employment contract to clarify the terms of employment, including whether the employee is permanent or casual, their working hours, entitlement to extra pay for long hours, notice periods for termination, and award coverage. Obee highlights that employers must provide written information about award coverage. Establishing clear terms in an employment contract is crucial for both employers and employees.