Preliminary Part 1 Definitions Division 2 Section 9 (f) an asset prescribed by the rules for the purposes of this paragraph. (2) However, the rules may prescribe that a specified: (a) critical electricity asset; or (b) critical port; or (c) critical water asset; or (d) critical gas asset; is not a critical infrastructure asset. Prescribing an asset as a critical infrastructure asset (3) The Minister must not prescribe an asset for the purposes of paragraph (1)(f) unless the Minister is satisfied that: (a) the asset is critical to: (i) the social or economic stability of Australia or its people; or (ii) the defence of Australia; or (iii) national security; and (b) there is a risk, in relation to the asset, that may be prejudicial to security. Consultation with State and Territory Ministers (4) The Minister (the Commonwealth Minister) also must not prescribe the asset unless the Commonwealth Minister has: (a) consulted the following persons (the consulted Minister): (i) the First Minister of the State, the Australian Capital Territory or the Northern Territory in which the critical infrastructure asset is located; (ii) each Minister of a State, the Australian Capital Territory, or the Northern Territory, who has responsibility for the regulation or oversight of the relevant industry for the asset in that State or Territory; and (b) given each consulted Minister written notice of the proposal to prescribe the asset; and No. 29, 2018 Security of Critical Infrastructure Act 2018 Authorised Version C2018A00029 17