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If you're not experienced with radio restoration, you'll need to replace all the wax paper caps, and the electrolytic caps as well. Do one at a time, so you don't lose track of where it connects to.
As for the speaker wires disconnected, if the output transformer is still there, it should be straightforward enough to reconnect the leads to the speaker. You'll have to check that the speaker is still good, and the transformer too. You can do this without a diagram, though the diagram helps.
Aussie radios are quite interesting, as they have style and circuit differences from the American radios of the tube era.
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