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Simon Obee from Employment Innovations introduces free downloadable employment contract templates for Australian businesses, available through a provided link. These templates cater to full-time, part-time, and casual employees. Obee emphasizes the importance of having employment contracts to clarify the terms of employment, such as whether an employee is permanent or casual, their working hours, entitlements for overtime, notice periods for termination, and their classification under modern awards. He also notes that employers must inform employees about award coverage in writing, highlighting the necessity of defining these details in an employment contract.