Hanging Rock campaigners are awaiting the outcome of proposed talks to rezone the East Paddock and ensure its long-term protection.
Macedon Ranges Council officially agreed to the State Government's $1 million rescue package at its meeting last week, but offered little information on potential rezoning.
"I think that it's positive without being definitive," Hanging Rock Action Group president, Luke Spielvogel said.
"Although we've got council's acceptance and recognition of the State Government's money, we look forward to them working with the State Government on rezoning the East Paddock and recognising it as part of the greater Hanging Rock precinct."
Planning Minister, Matthew Guy, said stronger planning protections for the precinct were needed when he made the funding offer last month, which would require rezoning the East Paddock.
The East Paddock was rezoned from Rural Conservation Zone (RCZ) to Public Park and Recreation Zone (PPRZ) under council direction in 2010.
Mr Spielvogel said the PPRZ must be replaced with a zone that offers more planning protection, while allowing some use, such as concerts.
"My understanding of the zoning is the Public Conservation Resource Zone will allow the concerts, while offering the protection that's afforded to Hanging Rock," he said.
Council's planning and environment director, Sophie Segafredo, said that in 2010, council had applied the most appropriate zone to the land; being Public Park and Recreation Zone.
"This recognises the public ownership and recreational use of the property, allowing for events and so on," she said.
Ms Segafredo's recommendation to council did not refer to the potential rezoning.
"The report was primarily generated to acknowledge and secure the funding as announced by the minister," she said.
"The remaining issues are mentioned in the report where we do say that we will work with the minister's office, but it was not imperative that council resolve this."
Cr John Letchford added to the motion, that council work with the minister to ensure appropriate planning controls apply to the Hanging Rock precinct.
Mr Spielvogel said the deal between council and the government was encouraging, and acknowledged Member for Northern Victoria, Amanda Millar's role in securing the funding.