37. Section 45 of the Principal Act is amended—
(a) by omitting “granted to a dealer”;
(b) by omitting from paragraph (c) “dealer” and substituting “licensee”; and
(c) by omitting paragraphs (d), (e), (f) and (g) and substituting the following paragraphs:
“(d) in the case of a licensed dealer or a licensed wholesaler—the material and financial resources of the licensee are such that, having regard to the scope of the licensee's business operations and the liabilities the licensee may incur in the course of carrying on business, it would not be in the public interest for the licensee to continue to carry on business;
(e) the licensee has failed to comply with subsection 45A (1) or 46 (1); or
(f) in a case in which a corporation is a licensee, a person who becomes, or intends to become, a director of the corporation is not a person of good fame and character.”.