Victoria, then yes. I recently done a bit of research regarding this particular issue myself, and it was with a huge grin that I found out I can!
Here are the rules for Vic drivers-->
A high powered vehicle is any vehicle with a power to weight ratio over 125 kw per tonne, or with an engine capacity to weight ratio over 3.5 litres per tonne. This includes any make of car.
*Capacity to weight ratio is the capacity in litres divided by the weight in tonnes
*Power to weight ratio is the power in kw divided by the weight in tonnes.
SO....
VY S Supercharged is ---> Capacity to wieght ratio of 2.53 (well under the allowed 3.5)
And power to weight is 109 (well under the allowed 125)
Here is a link to the Victorian rules regarding power to wieght ratio's allowable for a P plater.
http://www.vicroads.vic.gov.au/Home/...s.htm#Capacity