Whilst we are still awaiting advice/comment from OLG regrading this issue I have found some comment on the SA LGA website regarding it:
In many instances Councils will not be aware of the extent of any impact of the repeal of the carbon price and hence will not be able to account separately for the impact. In cases where Councils are made aware of the impact, the LGA would suggest that information be reflected in public consultation on the 2015/16 draft annual business plan.
Whilst we are talking different states & legislation I think the comment about reflecting it in 2015/16 budget is pertinent.
To read full article http://lga.sa.gov.au/page.aspx?c=44036