The race came out of a desire, as I understand it, to publicise Armstrong dampers...
The suggestion came from their promotional people and they sought out organisers who could promote the race. And a condition of all of this was that it be televised live.
The use of Armstrong dampers was a requirement, of course. And I assure you that cars other than Citroen IDs which didn't have Armstrongs, but other dampers painted the right colour to look like them.
Very little was allowed to be changed on the cars in those early years. Brake lining or pad materials were, I think, free in the interests of safety. Certainly, by the time they got to the Mountain the use of Hardie-Ferodo products had to be possible as they sponsored many events conducted by the ARDC at other meetings. The use of Hardie-Ferodo products was wise anyway as the company put a lot of effort into developing products to suit such racing and often had people at the circuit servicing the competitors. Safety belts could be fitted.
I don't know about belts and hoses and I don't have the resources to check. Minimum production numbers were a part of it all, of course, and the cars had to be built or assembled in Australia. 100 was the minimum number of identical cars which had to be sold and registered prior to the closing of entries.
For the first 100 miles of the race there were severe restrictions on servicing. The original toolkit which came with the car had to be used and only the driver could do the work, while there were other rules pointed at requiring the cars to be reliable.
As for the comparison with Series Production, yes, a very different field. This category came in later, it could have been 1964 or 1965 and it was always intended to allow overseas-produced cars. Immediately there was a clash with the 500 cars, though some were eligible. There probably (why don't I have the CAMS Manual?) was a 'local production' provision of, perhaps, 1,000 cars rather than the 5,000 of Group 1. And 'homologation' by the CAMS rather than by the FIA.
The overseas cars were allowed in at Bathurst from 1967, while another major difference between the 500 cars and Series Production was their class divisions. It was all on engine capacity for Series Production and the 500 was on price.