Hi Ben,
I got to agree with Supra Jim. If your uncertain what you're doing don't touch 240V. Perhaps fill in your location in your profile and someone nearby can help you wire one up? If your in Perth towards Fremantle, you can drop in and I'm happy to help.
I have wired one up. I can't give you any electrical tips (as I just used that diagram) but I can offer some housing comments. Jiffy box was from Dick Smith along with rubber grommets to stop cables rubbing on plastic edges and the wireing block. I think I used a 1.5 or a 3m extension lead from Bunnings to make the two ends. Whichever it was the lead was a bit long and it gets tangled with everything on top of the fridge, so have a good think about how long you want the plug and socket. I placed the connector plug/socket for the probe inside the jiffy box and added some strain relief in the form of twin taped at intervals to the probe lead and tied to the jiffy box. This also tangles in everything (perhaps tape the whole length rather than just intervals). I also got a Mashmaster mash mate (same probe) and I'm thinking about using the two probes to brew (one in HLT and one in mash tun, with an immersion element) with the one mash mate, then putting one probe in the fridge with the fridge controller after brewing. If I do this I'll have to rethink my strain relief.