Wallace is a town in Victoria, Australia in the Shire of Moorabool local government area, 99 kilometres (62 mi) north-west of the state capital, Melbourne.
The township was established in the 1880s. Wallace Post Office opened on 2 October 1885 and closed on 26 February 1993.
Wallace was the birthplace of Edmond Hogan, twice Victorian Premier in the 1920s.