I have the same setup took me ages to work it all out. The right hand smaller part is the standard oil pressure switch which operates the low oil pressure dash light. the middle bit is an oil pressure sender for the oil pressure gauge. The bit on the left with 2 wires is another oil pressure switch. This is part of the reverse lights circuit!!
I believe it's part of the Australian design rules that the reverse lights can only operate when the engine is running. When there is no oil pressure (engine stopped) the switch opens and the circuit is broken. From the switch one of the wires go to reverse gear switch ontop of the gearbox.
God knows why this is an ADR and is only found on the later SIII'S mines a 1983. I plan to bypass mine as I find it quite useful to put it in reverse with the engine off and use the lights to see. Like shutting a gate.
Hope this helps


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