Heh yeah, I confirmed with vicroads and the police. If it's not v8, turbo or super charged, modified to increase performance or on the list of banned vehicles at the time of purchase, you can drive it.
Now, of course this only applies to probationary license holders who obtained their Ps after July 1st 2007. For those who got it before then, they are restricted by the power to weight ratio, which would make the 370 illegal.
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