Witht that rule... in nsw it does not effect currently p platers who have there license before july 11th, so people like me, arn't screwed because we own a turbo car but, which is fair, seeing that there would be alot of people with undriveable cars and virtually noone to sell them too, luckily the government realised this
this is taken from a news artical from ninemsn
High powered vehicle ban for P-platers
18:17 AEST Tue Jun 7 2005
AAP
P-platers will be banned from driving a range of high-powered cars on NSW roads and some will face passenger restrictions under new laws announced on Tuesday.
NSW Roads Minister Michael Costa said the measures were aimed at curbing the disproportionately high road toll of P-plate drivers.
According to the Roads and Traffic Authority, a 17-year-old P1 licence-holder is four times more likely than the average driver to be involved in a fatal crash.
From July 11, P1 and P2 drivers will be banned from driving cars with eight or more cylinders or vehicles with performance modified, turbo-charged or super-charged engines.
Exemptions will apply to P-platers driving high-powered vehicles for employment purposes and to some P-platers in remote and regional areas.
Any P-plater who has their licence disqualified will be limited to carrying one passenger for the first 12 months after it is reinstated.
The changes will not effect current P-platers.  Â
Proposed curfews will not be introduced.
The measures were sensible and balanced a range of needs, Mr Costa said.
"I quite often see young people shooting up the F3 at great excess of the posted speed limit in high-performance vehicles and we want to make that a thing of the past," he told reporters.
"It's a lethal cocktail once you get a novice driver, inexperienced driver, in a high-performance vehicle."
The government will also be introducing the standardisation of plate positioning and toughening up penalties for people who don't display their plates properly.
The NRMA welcomed some of the changes but expressed concerns that some law-abiding young people may be disadvantaged, particularly in households where family cars are high-powered.
Kristy Delaney, executive officer of the Youth Action and Policy Association, agreed, saying the new laws would unfairly restrict some young people.
"So many of life's opportunities depend on young people's ability to access transport," she said.
"We don't want to see anyone's opportunities become limited because they are not allowed to drive their parent's cars."
Mr Costa said he understood that some people would be unduly affected but said the government "had to draw the line somewhere".
Central Coast resident Rebecca Stanford, 24, who was left in coma for a week after a P-plater crash in 1999, joined Mr Costa at the announcement.
She said the measures were "a step in the right direction".
"The anger you might have because you can't drive your V8 is going to be a lot less of a strong emotion than what your parents feel when they get a knock on the door," she said.
Meanwhile, NSW opposition roads spokesman Andrew Stoner said the government was ignoring the core issue - driver education.
"Labor's solutions are all punitive and do nothing to encourage or teach proper driver behaviour and educate young drivers to the risks and dangers," he said.
A second stage of measures, including possible changes to driver training, is expected to go before state cabinet in the coming months.