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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. He emphasizes the importance of having an employment contract to clarify the terms and conditions of employment, including the employee's status (permanent or casual), work hours, entitlements to extra pay for long hours, notice periods for termination, and award coverage details. Obee notes that employers are legally required to provide information about award coverage in writing. Clear documentation through contracts helps ensure certainty for both employers and employees.