The Minister may, by order, revoke a declaration made under section 5 if he or she is satisfied that a micro or small scale business enterprise—
(a) is no longer a micro or small scale business enterprise as defined in section 2;
(b) is in breach of any conditions upon which the declaration was made;
(c) has failed, neglected or refused to submit an annual report as required by this Act; or
(d) has failed to commence operations within 12 months of the issue of a declaration.