Yep, so the 2021-2022 financial year will have a CGT event.
The loss from VEC is used to offset and gains made from other stocks for this year, or carries forward to future years.
Remember however, that while you have losses. any gains for that year don't get discounted the 50% (after 12 months of holdung) until all losses have been used.
For example, 100k of loss on VEC and a 150k gain on say FMG (held for longer than 12 months) would mean, only 50k of the FMG gain qualifying for the discount. so overall a 25k capital gain to register in your tax retuen for the year.