Your operations team has set up a lifecycle management rule on a multi-regional bucket with versioning enabled. Given the following lifecycle configuration, which statement is accurate?

{
   "rule":[
      {
         "action":{
            "type":"Delete"
         },
         "condition":{
            "age":60,
            "isLive":false
         }
      },
      {
         "action":{
            "type":"SetStorageClass",
            "storageClass":"COLDLINE"
         },
         "condition":{
            "age":366,
            "matchesStorageClass":"MULTI_REGIONAL"
         }
      }
   ]
}