Where a certificate or licence has been suspended or cancelled under section 441 or 442, the Minister may order, where he or she is of the opinion that the justice of the case so requires—
(a) the re-issue of the certificate or licence or, as the case may be, the reduction of the period of suspension; or
(b) the granting of a new certificate or licence of the same or a lower grade in place of that cancelled or suspended.