(1) A Council must prepare and adopt a revised budget before the Council—
(a) can make a variation to the declared rates or charges; or
(b) can undertake any borrowings that have not been approved in the budget; or
(c) can make a change to the budget that the Council considers should be the subject of community engagement.
(2) The Council must ensure that a revised budget contains all the information prescribed by the regulations.
(3) A Council must adopt a revised budget as soon as is practicable after it has been developed.