As I understand this clause, it was at the request of businesses in terms of mergers and acquisitions where they felt that to go and technically request the consent of each customer when a merger is contemplated or something of the sort would be cumbersome and the customer's information is not used in any kind of meaningful way. It's just handed over from one party to the other. That is a provision that exists in British Columbia and Alberta, in the same language, and it hasn't caused significant concerns in terms of how it applied over there.
For me that is not in itself a troubling proposition. It facilitates business. Hopefully people won't look and find some unexpected loopholes in it, because the purpose of it is pretty straightforward as I understand it.