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Simon Obee from Employment Innovations discusses free downloadable employment contract templates available for Australian businesses. These templates cater to full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract, which ensures clarity regarding employment terms and conditions, such as the employee's status (permanent or casual), work hours, extra pay for overtime, notice periods for termination, and award coverage. Employers are legally required to provide information about award coverage in writing. Establishing these details in an employment contract helps avoid misunderstandings and ensures compliance with legal obligations.