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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 and can be accessed through a provided link. Obee emphasizes the importance of having an employment contract to clarify the terms and conditions of employment, such as whether an employee is permanent or casual, their start and finish times, extra pay for long hours, notice periods for termination, and award coverage details. Employers must provide this information in writing, highlighting the essential nature of employment contracts for legal compliance and operational clarity.