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Simon Obee from Employment Innovations discusses free downloadable employment contract templates available for businesses in Australia. These templates cover full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract to provide clarity on the terms and conditions of employment, such as employee status (permanent or casual), work hours, overtime pay, notice periods for termination, and award coverage classifications. Employers are legally required to provide information on award coverage in writing. Without a clear employment contract, these essential details may be overlooked. Employers can access the templates through the provided link.