That totals up to a lot of owners’ funds over that whole period. I think doing it without being registered might even amount to fraud, of which the ATO and police might have some interest in. Without that I’d think he should be sacked if it is as you say – and these instances make me wonder what else have they been up to? If it was genuine naivity it still doesn’t let him off the hook, and I’d suggest your committee has an obligation to pursue him for it. I’d doubt it’s within their powers to just forgo collect of it, though I wonder if it was presented as a Motion to forgive it at the next AGM could that do so? What’s next might depend on what State you’re in but seems worth pursuing by the committee or by other owners themself. I wonder can he repay the amount that’s established (with interest) by pro bono or discounted future work?