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‘Absurd’ speed limit lands $460 fines for cyclists. Even joggers overtook them
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I'd really like to see the speeding fines formally challenged in some way. You hear stories from cyclists that they or their mates have had them overturned, but I haven't seen any actual evidence of this. Maybe it's the case that police just choose not to proceed when the fines are challenged, and avoid setting a formal precedent in the courts.
It would also be interesting if this specific case was challenged. Like you say, it sounds like the 10km/h is supposed to be advisory, but the sign they have used is a regulatory sign which can be enforced by a literal reading of the rules. Not sure if it would hold up in court, and might come down to the judge's attitude towards cyclists.