Done this in reverse, twice...
You would need to check with the RTA in NSW what they will handle.
Rego in VIc is relatively cheap compared to NSW as we don't have 3rd party attached to the rego.
I ended up getting a RWC in Vic, and cashing in the balance of the NSW rego, either way you will need a RWC to transfer the vehicle to your name, not sure if a VIC RWC is compliant to NSW requirements.
_________________ 1970 Mini Deluxe - 1275, Weber, Clive 346 cam, MS 4-pot slotted discs, Megajolt ignition Now with new improved Mambas... almost on the road
1966 Van with Traveller rear seat conversion
2008 Prado GXL
All in various states of repair...
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