Mayor Neil Trotter said councillors would be briefed on Tuesday, as per normal ahead of a council meeting, and talk about what could be done.

"People are going to be hurting," he said.

"This situation is changing hourly.

"As a council there's not a lot we can do but we'll look at what is available to us.

"Tomorrow is our first opportunity to talk about it.

"We've got to be pragmatic about it too.

"We've got to do it in a manageable and sustainable way."

Corangamite Shire chief executive officer Andrew Mason said the council was working with partners such as Great Ocean Road Regional Tourism around heavily impacted industries, including tourism.

"We will continue to advocate for the state and federal government to provide support including funding for infrastructure projects," he said.

"Council officers have discussed a range of possible options that may be available to support the community and businesses.

"We are putting initiatives into the draft budget which will be put to council in April."

In relation to rates and charges, Mr Mason said the council had a financial hardship policy which allowed for payment plans or deferral of payments.

"This can be considered on a case-by-case basis depending on how the coronavirus has affected the individual or business," he said.

"Our advice would be for all businesses to take advantage of the stimulus package and tax relief options being offered by the federal government."

Mr Mason said the council would continue to monitor the impact to coronavirus on local businesses and the community.

Cr Trotter said Tuesday night's council meeting in Timboon would go ahead but there would be no public gallery.

We have removed our paywall from our stories about the coronavirus. This is a rapidly changing situation and we want to make sure our readers are as informed as possible. If you would like to support our journalists you can subscribe here.