57EApproach to criteria for consent

1. The relevant Ministers, in considering whether or not to grant consent to an overseas investment transaction under the overseas investment fishing provisions,—

2. must have regard to only the criteria and factors that apply under the overseas investment fishing provisions (subject to this section); and
3. may consult with any other person or persons, as the Ministers consider appropriate; and
4. must grant consent if satisfied that all of the criteria in section 57G are met; and
5. must decline to grant consent if not satisfied that all of the criteria in section 57G are met.

6. For a transaction that is in more than 1 category of overseas investment under this Act and the Overseas Investment Act 2005, the relevant Ministers must have regard to the criteria that apply to all of the relevant categories.

7. However, if the criteria are the same, the relevant Ministers only need to consider the same criteria once (and not consider them under each relevant category).