The P2 license in Australia is the second stage of the graduated licensing system, coming after the P1 (provisional) license. It allows drivers to have fewer restrictions compared to P1, but still carries some limitations to ensure safety. P2 license holders can usually drive without the red P plates and have a higher demerit point threshold, but may still face restrictions on passenger numbers and alcohol limits.
Typically, a P2 license is held for around 2-3 years before transitioning to a full license. It's designed to bridge the gap between novice and fully licensed drivers while reducing accidents among young drivers. For exact rules and conditions, consult your local road authority.

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