We need Bill C-2's exemption because it is clearer than the one contained in the current legislation, as it does not contain words that could be subject to interpretation. For example, current wording includes important values that could harm competitiveness. That's subjective. Therefore, an organization could refuse to disclose information, which could then lead to a complaint to the commissioner, which could then lead to the Federal Court.
Even if we manage to prevent the disclosure of information, the partners we want to do business with won't be willing to run the risk of having to disclose their financial statements, which constitute confidential information. Take, for example, the private equity market, where money is loaned to people to invest. We want to be able to reassure them that although we are subject to legislation, we are not obliged to disclose their investments. We need much clearer exemptions than those contained in current legislation.