This is a question that has been arising around L/plate drivers and P/plate drivers and full licence driver in victoria as sirslackcat has just done some research into this and come up with this list

Learner licence

Requirements:

• Minimum age of 16 
• Pass Driver Knowledge Test Display L plates front and rear outside vehicle
• Be supervised by full Australian licence holder at all times
• Wear a seatbelt 
• Not accumulate four demerit points.

Restrictions:

• 0.0% Alcohol limit 
• Max speed limit of 80km/h
• Not tow any vehicle
• Not use a mobile phone (including hands free).

Red Ps

Requirements:

• Minimum age of 17
• Hold Ls for 12 months (unless 25 or over) 
• 120 hours of driving practice (unless 25 or over)
• Pass Driving Test
• Display red on white P plates front and rear outside vehicle   
• Driver and passengers must correctly wear seatbelts
• Not accumulate four demerit points.

Restrictions:

• 0.0% Alcohol limit 
• Max speed limit of 90km/h 
• Not supervise a Learner driver
• Max 250kg trailer towing restriction
• Not use a mobile phone (including hands free)
• Only drive a manual if passed the test driving a manual 
• If under 25 must not drive more than one passenger under 21 between 11pm and 5am
• Not drive a vehicle with
• Eight or more cylinders (diesel exempt)
• Turbo or supercharged (diesel exempt) engine
• Modifications which increase performance or
• Any other vehicle identified by the RTA.

Green Ps

Requirements:

• Hold P1 for 12 months 
• Pass Hazard Perception Test 
• Display green on white P plates front and rear outside vehicle
• Not accumulate seven demerit points
• Driver and passengers must correctly wear seatbelts.

Restrictions:

• Alcohol limit 0.0%
• Not supervise a Learner driver
• Max speed limit of 100km/h  
• Not drive certain prohibited vehicles
• Not use a mobile phone (including hands free)
• Not drive a vehicle with
• Eight or more cylinders (diesel exempt)
• Turbo or supercharged (diesel exempt) engine
• Modifications which increase performance or
• Any other vehicle identified by the RTA.

Full licence

Requirements:

• Hold P2 for 24 months 
• Pass Driver Qualification Test
• Driver is responsible for all passengers correctly wearing restraints
• Not accumulate 12 demerit points.

Restrictions:

• Alcohol limit 0.05%
• Max speed limit of 110km/h
• Not use a mobile phone (hands free permitted).