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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. Obee emphasizes the importance of having an employment contract, which clarifies the terms of employment, including the employee's status (permanent or casual), working hours, overtime pay, notice periods for termination, and award coverage classification. It’s crucial for employers to provide written information regarding award coverage. Having a contract helps ensure that both employers and employees understand their rights and obligations.