I don't really use the syllabus for revision/study, but if you haven't got it, download it from:
http://www.boardofstudies.nsw.edu.au/syllabus_hsc/pdf_doc/infoprotech_syl.pdf
Now, you can read all of the introductory stuff if you haven't already read it before, and it's pretty much the same as any other subject.
Skills outcomes, knowledge outcomes
Theory components (Students learn about...)
Practical components (Students learn to...)
Now, select a topic area (core, or option) and have a read through each dot point or focus area (they'll be tabulated).
If you can tick off each box, you've successfully learnt all that is required within the scope of the IPT syllabus.
Again, I don't regularly revise using the syllabus document, as I find it is only useful for subjects such as English, Physics/Chemistry and SOR.
For other subject areas like Maths, the syllabus covers the content and theory aspects, but it's just the same as any other textbook IMO. As for IPT, the syllabus talks about each section in each topic area which you would normally learn via reading the text itself.
The syllabus is fairly straightforward, so if you can answer the syllabus (take any example), then you'll be fine.
Otherwise, stick to what works best for you, and how you like to study for your subject(s).
(You can't really study from the syllabus itself, you use it as a guide in aiding you with study and revision)