The Corangamite Shire will vote tonight on whether to create a planning amendment based on the Skipton Flood Study.
Dozens of homes and businesses in Skipton, south-west of Ballarat, were inundated when the Mount Emu Creek broke its banks three times in late 2010 and early 2011.
Ian Gibb from the Corangamite Shire says the council could create a floodway overlay to control development in the parts of the town most likely to be flooded.
He says there has already been some community consultation.
"First of all identifying quite accurately the extent of flooding that's been experienced and flood history," he said.
"There was then a consultation around some of the modelling work, looking at different scenarios, looking at different treatment options and there has indeed also been some consultation around the introduction of additional planning controls."
© ABC 2013
18:19 EDT Some cattle stations on the Barkly Tablelands of the Northern Territory are reporting the first decent rainfall in two years.