Good, strong announcement.
In determining whether STT/TNC should offer security for costs, the law can take into consideration the intentions of the complainant (which are quite clearly in this case to (a) impede an approved development on ideological grounds and (b) to hammer the share price of VMS). I would be very surprised if they got away without having to offer security for costs.
Here's some really good info on how the courts can assess this issue:
http://www.judcom.nsw.gov.au/publications/benchbks/civil/security_for_costs.html
10c here we come!, page-38
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