Blowers out the hood, Legal?

[poolkeeper]

After reading beetus thread about his 30k loan, got me well and truely thinking about me finances. Im kinda in the same field- 18, what car before house. etc...

But anyways, anybody know if a blown old school car is legal to drive on the street (as a normal car) this is the car I want when Im off my p plates.

Ive found one just to get an idea how insane and crazy there are lol.
http://www.australianmusclecarsales.com.au/muscle/80722

Ive worked out if I save quite a bit each week for 2 years, Ill have around 32k to spend

thoughts, knowledge?