Google Consent Mode + OneTrust

Hi!

OneTrust recommends to add this script before the GTM script (in this case, should be the 1st head script, right?)

<script>
  // Define dataLayer and the gtag function.
  window.dataLayer = window.dataLayer || [];
  function gtag(){dataLayer.push(arguments);}

  // Default ad_storage to 'denied'.
  gtag('consent', 'default', {
    'ad_storage': 'denied',
'wait_for_update': 500

  });

  // Default analytics_storage to 'denied'.
  gtag('consent', 'default', {
    'analytics_storage': 'denied',
'wait_for_update': 500

  });

</script>

Anything else needed to be done to comply and use Google Consent MOde?