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Simon Obee from Employment Innovations discusses free downloadable employment contract templates available 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 employment terms and conditions, such as whether an employee is permanent or casual, their work hours, extra pay for long hours, notice periods for termination, and award coverage. Employers are legally required to provide information about award coverage in writing. The absence of these details in an employment contract can lead to confusion and misunderstandings. For access to the templates, viewers can click on the link provided.