X
  • About
  • Advertise
  • Contact
Subscribe to our Newsletter
  • News
  • Markets
  • Regulation
  • Super
  • M&A
  • Tech
  • Appointments
  • Podcast
  • Webcasts
  • Promoted Content
  • Events
    • Super Fund of the Year Awards
    • Australian Wealth Management Summit
    • Australian Wealth Management Awards
    • Fund Manager of the Year Awards
    • Adviser Innovation Summit
    • ifa Excellence Awards
No Results
View All Results
  • News
  • Markets
  • Regulation
  • Super
  • M&A
  • Tech
  • Appointments
  • Podcast
  • Webcasts
  • Promoted Content
  • Events
    • Super Fund of the Year Awards
    • Australian Wealth Management Summit
    • Australian Wealth Management Awards
    • Fund Manager of the Year Awards
    • Adviser Innovation Summit
    • ifa Excellence Awards
No Results
View All Results
No Results
View All Results
Home News Markets

AMP rejects surveillance claims as union sounds alarm on new contracts

AMP has denied reports that its new employment contracts grant the company the ability to conduct continuous video surveillance on staff, including when they work from home.

by Maja Garaca Djurdjevic
March 21, 2025
in Markets, News
Reading Time: 3 mins read

On Friday, the Finance Sector Union (FSU) alleged that AMP employees were given just one week to sign new contracts permitting constant video monitoring – regardless of their work location, including at home. The contracts, according to the union, also grant AMP the right to require medical examinations by a company-appointed doctor, along with a series of other invasive measures.

The FSU said around 2,000 staff received the contracts on 17 March and were given until 24 March to sign, warning that those who agree would lose key entitlements – such as overtime, penalty rates and annual leave loading – in exchange for a “flat rate” of pay.

X

The union also claimed that employees are being offered a $1,000 share plan grant as an incentive, while employees who refuse to sign would be excluded from employee incentive programs.

FSU national assistant secretary Nicole McPherson called the contract “draconian”, claiming that it features “some very disturbing surveillance and medical privacy provisions”.

“We are advising AMP workers not to sign. It’s not just what’s in the contract but what’s not in it,” McPherson said.

However, in a statement provided to InvestorDaily, an AMP spokesperson said the updated contracts were drafted and reviewed by an external law firm.

The firm, it said, “verified that all of the contract clauses align with common industry practice used by many other organisations, and comply with current legal requirements”.

“To confirm, AMP is not and will not conduct camera surveillance on employees when they work from home.”

FSU fires shots

The FSU also accused AMP of refusing to negotiate a new enterprise agreement, warning that key employment rights remain in company policy and can be changed or removed at any time.

“Because AMP refuses to bargain for a new enterprise agreement, important rights are in policy, meaning AMP can remove or change things at any time. For example, the new contract does not contain details of any guaranteed pay increase, leave or redundancy entitlements,” McPherson said.

“AMP needs to come to the table and urgently negotiate an enterprise agreement which would give its workers rights and protection.”

According to the FSU, the new contracts place employees on an annualised salary, effectively eliminating overtime, penalty rates, annual leave loading and superannuation as separate benefits. Some contracts also require employees to work additional hours without extra pay.

The FSU further claimed the contracts allow AMP to share employees’ personal data with third parties and conduct surveillance, even at home, with just one day’s notice.

Additionally, the union said, a medical examination clause grants AMP the right to require employees to undergo assessments by a company-appointed doctor, with AMP receiving access to the results – raising concerns over medical privacy.

“AMP is trying to undermine the right to disconnect by including a clause in some contracts that requires employees to read and respond to contact from AMP and third parties outside ordinary hours,” the union said.

The contract also allegedly limits damages for breaches related to personal illness or psychiatric injury and allows AMP to change an employee’s work location at any time.

“The FSU has written to AMP demanding the contracts be revised per the union’s feedback, or that AMP commence negotiations for an enterprise agreement that genuinely protects workers.”

Related Posts

AMP’s chief executive announces departure from role

by Laura Dew
January 20, 2026

AMP has announced a new chief executive with Alexis George to retire at the end of March. George has led...

IMF warns of lingering Australia inflation, flags AI bubble risk

by Georgie Preston
January 20, 2026

Australia faces prolonged inflation, the IMF believes, while the global economy risks an AI boom reversal. The International Monetary Fund...

Trump’s tariff tantrums risk backfiring: Economist

by Adrian Suljanovic
January 20, 2026

Betashares’ chief economist has said markets are cautious after Trump’s geopolitical actions and tariff threats unsettled investors. David Bassanese, Betashares...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIEW ALL
Promoted Content

Why U.S. middle market private credit is a powerful income solution for Australian institutional investors

In today’s investment landscape, middle market direct lending, a key segment of private credit, has emerged as an attractive option...

by Tim Warrick
December 2, 2025
Promoted Content

Is Your SMSF Missing Out on the Crypto Boom?

Digital assets are the fastest-growing investment in SMSFs. Swyftx's expert team helps you securely and compliantly add crypto to your...

by Swyftx
December 2, 2025
Promoted Content

Global dividends reach US$519 billion, what’s behind the rise?

Global dividends surged to a record US$518.7 billion in Q3 2025, up 6.2% year-on-year, with financials leading the way. The...

by Capital Group
November 18, 2025
Promoted Content

Why smaller can be smarter in private credit

Over the past 15 years, middle market direct lending has grown into one of the most dynamic areas of alternative...

by Tim Warrick, Managing Director of Principal Alternative Credit, Principal Asset Management
November 14, 2025

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

Latest Podcast

Podcast

Relative Return Insider: Navigating a volatile 2026 market outlook

by Keith Ford
January 15, 2026
After more than two decades, InvestorDaily continues to be an institution that connects and influences Australia’s financial services sector. This influential and integrated media brand connects with leading financial services professionals within superannuation, funds management, financial planning and intermediary distribution through a range of channels, including digital, social, research, broadcast, webcast and events.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Us

  • About
  • Advertise
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • Markets
  • Appointments
  • Regulation
  • Super
  • Mergers & Acquisitions
  • Tech
  • Promoted Content
  • Analysis

© 2026 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
  • News
  • Markets
  • Regulation
  • Super
  • M&A
  • Tech
  • Appointments
  • Podcast
  • Webcasts
  • Promoted Content
  • Events
    • Super Fund of the Year Awards
    • Australian Wealth Management Summit
    • Australian Wealth Management Awards
    • Fund Manager of the Year Awards
    • Adviser Innovation Summit
    • ifa Excellence Awards
  • About
  • Advertise
  • Contact Us

© 2026 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited