It actually ended up putting the cyclist in a nearly deadly position, in relation to his interaction with that vehicle.In fact, jumping the queue likely put the cyclist in a safer position.
The only facts here are: the cyclist ran a red light (illegal) and was clipped by a vehicle that had to pass him (fact) which would not have had to pass him had he not run the red light (fact).
I’m on the cyclist’s side here. The driver of that little sedan is a motorist who has poor spatial awareness and did not (appear to) make any effort to avoid the cyclist. He or she assumed there was enough room to pass, but there clearly wasn’t. He or she also fled the scene of a collision. Two extremely poor traits for a driver were exhibited here, but the onus now is on police to prove who was behind the wheel.
VicPD update: the force has made contact with the cyclist.