All three geographically isolated populations are threatened by habitat loss (destruction, erosion and weed invasion), feral predation (dogs, foxes and cats) and possibly increased competition by other small mammals such as the Bush Rat. In 2007 bushfires came close to burning the remaining habitat at Mt Buller.

Climate change may also affect the long-term survival of the Mountain Pygmy-possum.  This is because Mountain Pygmy-possums hibernate for up to six months of the year underneath the snow, which provides an insulation barrier against cold weather. Following hibernation animals emerge to breed. They rely heavily on Bogong Moths, which migrate to the alpine region during summer, as a seasonal food resource.

Zoos Victoria's Conservation Field Partners

The recovery program is led by the Victorian Department of Sustainability and Environment and includes representatives from the following organisations:

The Mount Buller and Mount Stirling Alpine Resort Management Board and Buller Ski Lifts Pty Ltd
University of Melbourne
University of New England