Thomas William Wallace (born 1 March 1936) is a former Australian politician.
He was born in Sale to Harold Roy Wallace, a farmer, and Phyllis Violet.
He was active in the local community and in the National Party, and he was elected to Rosedale Shire Council in 1975, serving until 1982 (president 1980–81).
In 1982, he was elected to the Victorian Legislative Assembly as the member for Gippsland South.
In 1992, he left his seat to challenge Labor MLA Keith Hamilton in Morwell, but he was defeated.