The International Cricket Council's Chief Executives' Committee meeting held on Thursday has seen the apex cricket body adopt a firm approach towards planning the T20 World Cup this year.
Australia is set to host the showpiece event for the first time with the tournament slated to commence on October 18.
Elite level cricket is at a standstill due to the prevalent COVID-19 crisis with financial losses incurred by multiple cricket boards thus far.
Discussing the impacts of the virus pandemic and its effects on future sporting events including the T20 World Cup, global cricket chiefs have promised to continue with the preparations while simultaneously drafting contingency plans.
"The CEC was updated on the continuing contingency planning for all ICC global events, including the ICC Men’s T20 World Cup 2020 and the ICC Women’s Cricket World Cup 2021. Planning for both events as currently scheduled is ongoing," the ICC press release said.
Cricket Australia chief executive Kevin Roberts reiterated his organisation's commitment to working in tandem with the ICC.
Having conducted a hugely successful Women's T20 World Cup earlier this year, Cricket Australia is keen on earning profits from the upcoming Men's T20 competition.
“Cricket Australia is working closely with the ICC, the Local Organising Committee and the Australian government so we have a comprehensive understanding of exactly what it will take to be able to play the ICC Men’s T20 World Cup 2020 in October in Australia as planned," he stated.
“We are also jointly exploring all other options in relation to staging the event and will take the right decisions at the right time so we can host a wonderful celebration of the sport and keep everyone involved safe and well.”
Health concerns form the topmost priority ahead of the resumption of professional cricket as the authorities are mulling over the possibility of staging matches in the absence of fans to curb the spread of the virus.
“Our next step is to create a roadmap for the resumption of international cricket which will include a criteria for decision making and a checklist for what needs to happen," ICC medical committee chairman Peter Harcourt said.
"This will consider everything from player preparation to government restrictions and advisories and bio-bubbles.
“The scale and complexity of getting cricket started again cannot be underestimated particularly with respect to a global event. The more teams, venues and cities involved in an event, the greater the risk which has to be assessed and managed.”
The unprecedented situation also poses an enormous challenge to the inaugural World Test Championship, which has already seen various series postponed by the coronavirus outbreak.