The Finance Sector Union said about 2,000 AMP staff were issued new contracts on March 17, with a requirement to sign and return them by March 24.

Among giving up rights such as overtime, penalties and ­annual leave loading, the proposed contracts would also allow AMP to require employees to undergo a medical examination by a doctor chosen by AMP.

FSU’s national assistant secretary Nicole McPherson has slammed AMP in a statement, saying: “This is a draconian contract that features some very disturbing surveillance and medical privacy provisions.”

The contract reads that AMP “may carry out continuous, ongoing camera surveillance on or around the premises of AMP and in any other place where you work”, with one day’s notice.

“It is shocking that any employer would propose the right to video monitor its workers in their own homes, force them to undergo a medical examination by the employer’s doctor of choice and give up their right to privacy of medical information,” McPherson said.

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

The FSU is claiming that staff are being incentivised to sign the new contracts with a $1,000 share plan grant, while those who do not sign, will not be eligible for employee incentive programs.

A spokesperson for AMP told The Australian that WFH employees will not be subject to camera surveillance.

“[The surveillance clauses] are common in most contemporary employment contracts, including the right to monitor employee computer usage on employer-provided devices when they are ­working from home,” they said.

“References to camera surveillance relate to CCTV cameras used in and around AMP premises, and we will not conduct camera surveillance on employees when they work from home.”