Addressing a meeting of Commonwealth and state and territory leaders in Canberra, the prime minister said the federal government was working through how critical frontline services could be supported.
"I'm very confident after our discussions that we've had over a period of time, we'll have some practical measures going forward that will make a difference," Mr Albanese said in opening remarks on Friday.
The federal government is expected to offer a $351 million package, pending the states and territories matching the funding.
Anti-violence campaigners are urging governments to increase funding to tackle the societal scourge. (Stephanie Gardiner/AAP PHOTOS)
Deputy Liberal leader Sussan Ley said the coalition was concerned by reports the money wouldn't immediately flow through to where it was needed.
"If that is the case, on the trajectory we are on, 40 women will be killed and many more women and children harmed between today's announcement and that funding kicking in," she said.
"Domestic violence is above politics, but we will hold Labor accountable for their promises to Australian women and children and for their delay in demanding a more rapid response from the states and territories."
Northern Territory Chief Minister Lia Finocchiaro said crime was the main issue and she was focused on "accountability" for young offenders.
Areas identified as needing urgent reform to reduce violence included a failure to protect vulnerable children in the youth justice system and the prevalence of alcohol.
National Children's Commissioner Anne Hollonds said a tough-on-crime rhetoric was counterintuitive as it only increased the chances of reoffending.
"We're putting politics ahead of prevention," she told AAP.
"It sounds good because it sounds tough on crime, but it's not based on evidence and that will not keep the community safer."
Anne Hollonds says locking up children isn't the solution. (Bianca De Marchi/AAP PHOTOS)
Ms Hollonds said this was because locked-up kids had high recidivism rates and learned more about criminal behaviour while behind bars.
Increasing prison time to act as a deterrence against crime wasn't effective as children aged 11 or 12 weren't making a calculation before committing an offence, she said.
"Children are not making their decision about whether to steal food or a car based on how long the sentence will be - it's a preposterous notion."
Governments needed to recognise children committing crime meant their basic needs weren't being met, whether this be housing, family care or mental health, the commissioner said.
Legal aid services across Australia want national cabinet to commit $317 million a year to meet demand for family law and domestic violence services, with vulnerable women being turned away.
Legal Aid NSW senior solicitor Melanie Alexander said of her six to 10 clients a day, most women presented with "a real risk of them, or their children, being harmed".
Womens Minister Katy Gallagher flagged "a substantial package" with a focus on frontline services.
The Commonwealth was prepared to "put some dollars on the table" to work with states and territories to end gender-based violence, she said.
Restrictions on alcohol sales, delivery times and advertising as well as stronger regulation have been called for to address the role alcohol played in domestic and sexual violence.
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