UPDATE, 9.40am: A couple missing in the Kosciuszko National Park have been found.
The couple, from Sydney, walked out of the bush into Thredbo Village about 9am Wednesday.
A major search had been underway for a 62-year-old woman and a 65-year-old man, since they called Triple Zero (000) about 2.45pm Tuesday to report they were lost after going on a walk.
A search was initiated by police attached to Monaro Local Area Command, NSW National Parks and Wildlife Services, State Emergency Services and Fire and Rescue NSW.
Extreme weather conditions, including electrical storms and heavy rain, hampered the search and prevented helicopters from assisting.
Despite this, searchers continued to 2.30am before being suspended.
The search resumed at 6am and involved personnel from NSW Police, Fire and Rescue NSW, SES, and the Snowy Mountains Horse Riders group.
The couple are reported to be in a good condition, however, circumstances of their night are still being established by police.
EARLIER: POLICE are searching for a missing man and woman south of Thredbo in the Kosciuszko National Park.
About 10am Tuesday, a 62-year-old woman and a 65-year-old man left Roslyn Lodge at Thredbo to go walking.
It is believed they intended to walk up Friday Flat Creek towards Brindle Bull Hill, along the Dead Horse Gap onto Alpine Way, and back into Thredbo.
About 2.45pm the same day, the woman contacted emergency services stating they were lost.
No further contact has been able to be made with the missing pair since.
A search was started by police attached to Monaro Local Area Command, NSW National Parks and Wildlife Services, State Emergency Services and Fire and Rescue NSW.
Although the search was hampered by bad weather, officers from all areas continued to search throughout the night.
Police are urging anyone with information about this incident to call Crime Stoppers on 1800 333 000 or use the Crime Stoppers online reporting page: https://www1.police.nsw.gov.au/.
Information you provide will be treated in the strictest of confidence.
Crime information should not be reported via NSW Police Facebook and Twitter pages.