I went through one of those speed indicators recently, the one just out of Wodonga. It was way off in the car, showing at least 5kph less than I was actually doing. My car speedo is spot on and the GPS agrees. Some might say it is set low to get you caught by the speed cameras later....
The police bikes have the same speedo drive as the civilian models, and both are accurate distance wise. Civilian speedos typically read faster than what you are actually doing. Mine is an ex NRMA but police spec bike, and it reads a bit high on the speedo. I suspect that it has not been properly calibrated, as it was not in police use so no need for that expense. Police speedos have 2kph speed intervals on them.