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Simon Obee from Employment Innovations discusses free downloadable employment contract templates available for Australian businesses. Templates cover full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract, which clarifies the terms and conditions of employment, such as employment type (permanent or casual), work hours, overtime pay, notice periods for termination, and award classification. Employers must provide written information regarding award coverage. An employment contract helps ensure all these details are clearly outlined.