In 2001, Ebbett was credited with saving a toddler from drowning after she was thrown off a trailer that crashed into a ditch with the tractor that was towing it. He also freed two children who were trapped.
Ebbett's body was spotted in the lake at around 9.30am, but in places the lake is bordered by steep ice cliffs.
Ruapehu Alpine Rescue Organisation members climbed down into the crater and traversed about 300m to get to Ebbett. The location and deteriorating weather prevented a helicopter from lifting him out.
A snow groomer was used to winch Richard Ebbett's body out of the crater lake on Mt Ruapehu. Photo / Ross Setford
Instead, a skifield snow groomer winched him up about 130m to the top of the crater before taking him down the mountain.
"This is a timely reminder to people accessing the backcountry to ensure they have appropriate equipment and experience for the activity, to never go alone and to ensure they advise somebody of their plans," Owen said.