The federal government is working on changes to prevent criminals squirrelling their assets into superannuation to avoid paying compensation to their victims.
Revenue and Financial Services Minister Kelly O'Dwyer said for too long, perpetrators of horrific crimes have been able to hide behind a shield that allows them not to give victims access to their superannuation assets.
"This denies those victims access to compensation that in ordinary circumstances they would be able to have," Ms O'Dwyer told reporters on Monday.
"These changes are critical, they are needed and we will expedite those changes as soon as possible."
The law changes are being drafted with the intention of introducing a bill to parliament before the end of the year.
Ms O''Dwyer was joined by Hetty Johnston, the founder of child protection advocates Bravehearts, and Victims of Crime Assistance League president Howard Brown who pursued the settlement case of a paedophile in Bega, NSW.
Mr Brown said during the settlement negotiation - and what he described as an "appalling use of process", the perpetrator taunted the families of the victims by telling them they would not get his money because he stowed it away in his superannuation.
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