Extreme drought and heat events can result in single-year carbon losses equal to many years of carbon sequestration (Bastos et al., 2014;Ciais et al., 2005). Hot-dry conditions can directly suppress both gross primary productivity (GPP) and ecosystem respiration (TER), with greater suppression of GPP leading to carbon loss (Reichstein et al., 2007;Sippel et al., 2018). These conditions also dry fuels, increase litterfall, and elevate levels of tree mortality, all of which may trigger additional carbon losses by means of wildfire (Abram et al., 2020; D. M. J. S. Bowman et al., 2009). Impacted ecosystems often experience legacy effects that can impact the carbon cycling for years after the extreme events have passed (Batllori et al., 2020;Frank et al., 2015;Lindenmayer et al., 2021). Southeast Australia (Figure 1) has a highly variable climate (Harris & Lucas, 2019;King et al., 2020), and frequently experiences both drought and fire. In fact, this susceptibility to fire has been a key factor in the evolution of the regional flora and fauna, acting as a process of disturbance and also regeneration (Bowman, 2000;