(1) The Board shall review the documentation submitted under section 56(1) and the additional information, if any, provided under section 56(2).

(2) The Board shall have regard to the following matters when carrying out a review under this section:

(a) the extent to which the proposed agreement concerned complies with this Act;

(b) the extent to which the proposed agreement concerned reflects the model agreement, if any, prepared or revised under section 66(1) for the purpose of the enactment in connection with which the proposed agreement is to be entered into;

(c) whether compliance by the proposed parties with the terms of the proposed agreement concerned would result in a contravention of data protection law;