(1) A youth allowance is not payable to a person who is qualified for youth allowance while the person is subject to a waiting period.
(2) For the purposes of this Part, a person may be subject to the following waiting periods:
(a) a liquid assets test waiting period (see sections 549A, 549B and 549C);
(aa) an ordinary waiting period (see sections 549CA and 549CB);
(b) a newly-arrived resident's waiting period (see sections 549D and 549E).