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Simon Obee from Employment Innovations introduces free downloadable employment contract templates for businesses in Australia, available via a link. The templates cover full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract to clearly outline the terms and conditions of employment, such as the employee's status (permanent or casual), start and finish times, entitlements for extra pay for long hours, notice periods for termination, and award coverage information. Employers must provide written details about award coverage, making employment contracts essential for clarity and compliance.