(1)  The Director may, but is not required to, agree to transfer an environmental licence under section 42W(2) subject to conditions or restrictions specified in the agreement.

(2)  If a condition or restriction is specified, in accordance with subsection (1) , in an agreement to transfer an environmental licence under section 42W(2) , the Director may refuse to transfer the licence under section 42W(2) if the condition or restriction has not been complied with.

(3)  A condition or restriction specified, in accordance with subsection (1) , in an agreement to transfer an environmental licence under section 42W(2) , may relate to the person to whom the licence is to be transferred, the person from whom the licence is to be transferred or any other person.