Frame Identification Update:
10 days ago i took the bike to a guy here in Sydney who is well known within the Steel/Vintage bike community. Ben (aka Spirito) was able to confirm that the 50th Anniversary Groupset was in good mechanical condition and should have no problem cleaning up. He identified the fork crown as probably the most interesting piece of the frame and dated it to circa 1984-1989. He also identified the way the dropouts had been filled as similar to a technique used by an Iconic Australian frame builder Geoff Scott.
H e advised me that a local Sydney bike club, Randwick/Botany Cycle Club were hosting a "Retro Day" the following weekend and that it was highly possible that Geoff would be in attendance. This was too good an opportunity to refuse so i made a date in the diary and attended the meet.
I found Geoff sat with a few of his famous builds from the 80's and introduced myself. I had brought the bike with me and asked if he would give my frame a "once over" as there was a possibility it could be one of his. Geoff said no problem and immediately went to the rear dropouts and the BB shell. Within 1 minute he'd confirmed that this was indeed his build and proceeded to explain why he was convinced it was his work.
To say i was pretty excited at this point was an understatement, that said i asked Geoff why there were no serial numbers or pantographing as was done for many of his builds e.g GEFSCO (his own brand) CLAMONT (Geoff Scott built bikes for Clarence St Cyclery in Sydney) and many others. He said that many of the custom builds were intentionally left without serial numbers for Tax Implications!!

I knew that Geoff still works on the occasional bike (builds and respray's) so i asked him outright if he would respray the frame for me. He agreed and said he'd be happy to add "Geoff Scott" decals for me. I've been in touch with him since and hopefully this should happen in the next couple of weeks.
I'll definitely take some pictures of his workshop as its apparently part museum too, to many of the bikes he's built over the years.
To be continued.....