(1) Matter is exempt matter if—
(c) its disclosure—
(i) would disclose information (other than trade secrets or information mentioned in paragraph (b)) concerning the business, professional, commercial or financial affairs of an agency or another person; and
(ii) could reasonably be expected to have an adverse effect on those affairs or to prejudice the future supply of such information to the government;
unless its disclosure would, on balance, be in the public interest.
(2) Matter is not exempt under subsection (1) merely because it concerns the business, professional, commercial or financial affairs of the person by, or on whose behalf, an application for access to the document containing the matter is being made.