(1) A ground for suspending or cancelling a licence exists if the licensee—
(a) is not a suitable person to hold the licence; or
(b) the licensee is no longer eligible to hold the licence for contravening a provision of this Act or a condition of the licence.
(2) Also, a ground for suspending or cancelling a licence exists if the licence was issued because of a materially false or misleading representation or declaration.