It extends the two companies' original partnership, which started in 1993, making it one of the longest running strategic information technology (IT) outsourcing relationships in Australia.
Under the agreement, CSC will continue to provide AMP with fully outsourced managed infrastructure services for mainframe, midrange, network, desktop and service desk, as well as information and system security.
"CSC and AMP have worked successfully together over the past 16 years, delivering programs that strengthen AMP's operating platform and improve business efficiencies," said Lee Barnett, CIO AMP.
"Extending this contract enables CSC to provide AMP with services that further leverage operational efficiencies year on year."
Nick Wilkinson, president of CSC's operations in Australia said its long-standing relationship has set a benchmark not only for CSC but the outsourcing industry in Australia as a whole.
"Introducing solutions that achieve economic efficiencies is imperative in the current climate, and CSC has continued to deliver the results AMP needs to excel in such a competitive industry," he said.
"Through our collaborative and trusted approach, we were able to offer a proposal that addressed AMP's requirements while providing flexibility to address future objectives," he added.