Ann: 2020 Annual Report to Shareholders, page-10

Accumulated losses are taken into consideration as well as Capital gains
See these announcements

https://www.asx.com.au/asxpdf/20141030/pdf/42tb6q55jbhlbj.pdf

https://www.asx.com.au/asxpdf/20150318/pdf/42xcm1tpjg69ss.pdf

If shares in SYR were sold at $0.40 this is how I see position, and an individual's tax rate effect on worth to them

		ASSUMPTIONS	SALE OF SYR
1		Sale Price	$0.40
2		no shares held by CSE	11000005
3		no shares on issue	106,844,810
4
5
6		DISTRIBUTION
7		Sale proceeds	$4,400,002
8	as at 30/6/20	less past losses	-$6,649,097
9		Taxable income	-$2,249,095
10		Taxc at 30%	$674,728.50
11		available for dist	$5,074,730.50
12
13		Distribution rate	100%	90%	85%
14		Amount per share	$0.05	$0.04	$0.04
15		Plus Franking credit	$0.02	$0.02	$0.02
16		Total income	$0.07	$0.06	$0.06
17
18		TaxRate	After tax	After tax	After tax
19		0%	$0.07	$0.06	$0.06
20		10%	$0.06	$0.05	$0.05
21		15%	$0.06	$0.05	$0.05
22		30%	$0.05	$0.04	$0.04