Last week NBN Co claimed commercial sensitivity in refusing access under the FOI act to details of its two-year relationship with investment bank
Goldman Sachs JBWere (GSJBW). The Sydney Morning Herald reports this explanation:
‘If our company were required to divulge commercially sensitive information...the net effect would be to place an unfair and onerous burden upon NBN Co. This burden would translate into higher costs for the company’.. ‘‘The [identified] documents contain GSJBW’s proprietory information, which is subject to a confidentiality regime. In that regard, GSJBW provided strong objections to the release of these documents...GSJBW contend that it would not be possible to produce appropriate redactions, as all the information is intrinsic to the nature of GSJBW’s confidential and proprietary dealings with its clients. Any such release could damage GSJBW’s business, commercial and financial interests.’’
NBN Co also claimed it could be subject to legal action if it
released any information which would damage its image, brand and
reputation within the market.
The SMH reports Greens Senator Scott Ludlum who played a key role in setting up the changes that brought NBN Co within scope of the FOI act, with a review after 12 months, said the company appears to be using the
commercial exemptions in ways that were never intended. And that Shadow communications spokesman, Malcolm Turnbull, said no
government agency had ‘‘so frequently frustrated reasonable requests’’
as NBN Co:
“Unlike Medibank Private and Australia Post, the NBN Co has no competition and so it should only very rarely use commercial confidence as a reason for shielding itself from FOI inquiries. It is also exempt from the Public Works Committee scrutinising its contracts and has continued to oppose the Joint NBN Committee’s attempts at oversight,’’ he said.
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