I have no experience with the genus in question. But I have had many Bonsai die over the years from root rot.
The worst material to suffer were probably Japanese Maple, bougainvillea and lantana. Once the root rot was evident in the maples, it was usually too late. I didn’t have great success from rid-rot or other liquid rot treatments.
However, from native material I have not had as many problems. My first obvious recommendation is to grow material that is happy being in water logged mediums, or swamps etc. just make sure they get plenty of sun, and root rot probably won’t be an issue.
Having said that, I realize that is not helping your current specimen, but good to know if this one or others don’t survive.
From my experience when I have had root rot, I have had excellent success from shibui’s recommendation. With casuarina and banksia that suffered from root rot for example, the first step for me is always:
Repot, and get rid of all the old soil. Start with a fresh well-draining mix, preferably mixed with course rocks or ash about 0.5cm - 1 cm cubed.
Cut off any dead or rotting roots.
Going forward, only water it once the soil is almost dry. Don’t use an automatic watering sprinkler. For example, so far this October due to the intense rain we had, I have not watered my trees once this entire month. Each time I check or am approaching watering it forecasts rain and so I leave it until it is almost dry.
Gradually give it as much sun as the species can tolerate, but if it was kept in shade gradually move it each week into sunnier and sunnier positions.
Use a grow pot with a lot of drainage holes.
In winter, you can err on the side of caution and leave it longer when it’s drying out, as opposed to sunny summer days when it is risky to leave it. But this means you can afford to over water a bit in summer because you’ve not overwatered during the safer seasons.
More recently I have come to a conclusion that advice instilled in me from the 1990’s was to completely drench the soil once it starts to dry out, then allow it to almost dry out, and completely drench it again and repeat etc etc, as the normal routine. However, if you have a micro-climate that is constantly on the wetter side, this can do more harm often. I no longer “soak” my trees at watering time and instead only give a moderate watering more often rather than a one-off drenching and then leave until it dries out approach. This has considerably improved the roots and health of my trees. I was doubtful of this advice from a wholesale native grower, but since trying it, it seems to show greatly improved results.
And lastly, if you are having issues with mediums staying too wet too long, do not over-pot the tree. Try to ensure the roots make up about at least 70% of the pot or higher. There will be exceptions with some species yes, but not most.
Good luck.
