Opening up private company communications to the government makes that data a huge target for foreign intelligence and criminal organisations. Even our allies will happily pass on valuable company secrets to their own companies. Everyone is out for themselves. The software our government uses to analyse data will generally be closed source and supplied by a foreign power and not sufficiently audited.

Unfortunately our politicians are dangerously ignorant about the techological risks to national sovereignty and our economy. So they rely on often dubious advice from parties with a vested interest that is opposed to the public interest.