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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 clarify the terms and conditions of employment, such as employment type, work hours, overtime pay, notice periods, and award coverage. Employers are required to provide written information about award coverage, and setting out these details in an employment contract helps ensure clarity and legal compliance. To obtain the templates, viewers can click on the link provided.