Business Council of Australia Chief Executive Jennifer Westacott (Image: AAP/Mick Tsikas)

A battle to shape the nature of the economic settlement that will follow the virus crisis is now underway. There's a powerful push from business interests and their political and media agents to use the crisis to renew a push for company tax cuts, a return to WorkChoices and deregulation, despite many commentators suggesting a new era of government intervention will inevitably unfold in the wake of COVID-19.

Last week, Scott Morrison warned that the economic crisis engendered by the virus lockdown meant "the policy frameworks that we had prior to the election will need to be reconsidered", and that meant "policy measures that are going to have to be very pro-growth, that are going to enable businesses to employ people, that will enable businesses to invest and businesses to move forward".

Anonymous senior ministers then fleshed out that agenda: company tax cuts and an "aggressive" overhaul of industrial relations.