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Simon Obee from Employment Innovations discusses the availability of free employment contract templates for businesses in Australia, which can be downloaded via a provided link. The templates cover full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract to ensure clarity on employment terms and conditions. Key aspects include defining employee status (permanent or casual), specifying work hours, outlining eligibility for overtime pay, determining notice periods for termination, and addressing award coverage. Obee reminds employers of their obligation to provide award information in writing, highlighting the necessity of formalizing these details in a contract.