That wouldn't be out of character, but according to the article he did get bail:

"Mr Mucibabic appeared at Parramatta Local Court today and was granted bail on conditions including that he stay away from the suburbs of Darlinghurst, Paddington and Kings Cross, and that he not own paint cans.

He is due back in court on September 6."

Though I'm definitely in agreement that this one is hijinks at best, given that the article ends on

"She was able to remove the paint with WD-40"

Edit - NVM, it seems the article was updated and a prior version had him being refused bail - though not sure how it counts as "refused" when the bail hearing hadn't apparently happened yet.