Government considers state access to violent criminals’ super

13 February 2018
| By Hannah Wootton |
image
image
expand image

The Government is considering allowing victims of violent crime access the super of perpetrators to claim judgment debts in limited circumstances, according to a consultation paper it recently released.

Under current processes, a perpetrator’s superannuation could not be tapped into to pay judgment debts, which form part of the punishment for the crime, even if they could not pay the debt without it.

As a result, some prosecuted individuals who cannot pay the full debt could be seen as avoiding part of the punishment for their crime.

Josh Rundmann, IOOF technical services manager, said that allowing states to access perpetrators’ super could thus present a “middle ground” to allow victims access not just to state-provided victim support but also the full amount of judgment debt the court ordered.

“Victim support schemes provide valuable assistance in the immediate aftermath of a violent crime being committed against a person,” he said. “However, they are not able to cover all costs which may arise between the crime being committed and a criminal prosecution being completed.

As such, introducing a third element to the hardship provisions to help victims of violent crime which is not reliant on having received previous social security payments should be considered.”

The proposal would see the existing state-operated compensation scheme pay the judgment debt to the victim and then recover any outstanding balance from the perpetrator’s super. This would remove the need for any interaction between victim and perpetrator.

It would also prove useful in cases of wrongful convictions, as the state would be better positioned to repay any necessary amounts.

Read more about:

AUTHOR

 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

JOHN GILLIES

Might be a bit different to i the past where at most there was one man from the industry on the loaded enquiry boards a...

1 day 3 hours ago
Simon

Who get's the $10M? Where does the money go?? Might it end up in the CSLR to financially assist duped investors??? ...

5 days 22 hours ago
Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 6 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND