If it is several knocks in succesion then sounds like its inside the diff.
As accentstecil suggested change the oil in it and see how it goes.
Holden use 80-140 from factory with their own additive, the name i cant remember anymore lol.
Anything in that grade should be fine alot people use different oils ive found castrol SAF-XA to be the most popluar as it has the additive all ready mixed with it so makes it a bit easier.
I myself just use valvoline 75-140 with a valvoline additive seems to work fine.
Looking to try the castrol next time, by then im sure the diffs def gona need a rebuild lol.
Diff oil seems to be one area highly overlooked during servicing maybe thats why they dont last long...