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Simon Obee from Employment Innovations discusses the availability of free downloadable employment contract templates for Australian businesses. The templates cover 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 employee status, work hours, additional pay for overtime, notice periods for termination, and award coverage classification. Providing this information in writing is a legal obligation for employers, ensuring clarity and compliance.