A community group says it wants to work with the Macedon Ranges Shire in central Victoria to better preserve Hanging Rock.
The Victorian Government commissioned a review of the site and revealed findings this week that governance and strategic direction for the Rock's management could be improved.
It said the council would develop a new masterplan for the precinct and retain control of its management.
The Hanging Rock Action Group's Luke Spievogel said the shire needed to make financial records for the site public.
"In the interests of transparency and accountability, it's entirely appropriate that they're reported back to DELWP [the Department of Environment, Land, Water and Planning], who is the owner of the Hanging Rock reserve, and also made public to the community so that we know where the money from Hanging Rock [is] being spent and what the focuses there are," he said.
The action group said it was satisfied with new management plans for the Rock but wanted a halt on picnic shelter works.
The shire approved plans for the two new shelters at the Rock before it knew the result of the Government commissioned review.
Mr Spielvogel wants the picnic shelter project delayed until the overall vision for Hanging Rock is decided.
"We think that that's contentious and it's worth putting those on hold as well until we have a cohesive and overarching plan for the whole precinct to make sure we're doing all the right things," he said.
The Macedon Ranges Shire's Sophie Segafredo said the council would provide information about the financial management of the Rock.
"As we agreed with the Minister, we'll work together to ensure that the information is provided to the greatest detail as is possible and reasonable and will provide for a transparent process for the community," she said.
She said the council had told the Government it would reconsider progress on the picnic shelters.
"Of course we're happy to work with the State Government to make sure that the projects that are underway don't conflict with any of the proposals for the structure plan moving forward," she said.
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