It is a 1988 Giocattolo group B coupe pronounced "Jecattolow"
They were made in Australia by a toy maker who took Alfa Romeo sprint body's (see pic below) and rebuilt them with mid mounted Holden V8's, There was only 15 made.
My mate had a sprint like that also, It rusted bad, the head leaked coolant and the inboard disc brakes fell out and we rear ended someone. We heard a clickin noise then a clunk and no brakes, the bolts holding the brake disc to the drive shafts loosend out.
Funny thing is all this happed in a 1 year span, the car was in real good condition when he got it.