Veteran shock-jock Derryn Hinch has formed his own political party and will stand candidates across Australia at the 2016 Federal election.

Mr Hinch will also put himself forward as a Victorian Senate candidate via his newly created Justice Party.

“The timing is right. Australians are fed up with the quality, or lack of quality, in our judicial system,” Mr Hinch said on Sunday night.

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Last week, Fairfax Media reported that Mr Hinch was “seriously considering” running on his own and that there was “serious speculation” he would form a political party.

It was reported he would run on an anti-paedophile platform.

He has now confirmed he will run candidates in every Australian state and territory. 

Mr Hinch has been convicted three times and jailed twice for contempt of court and breaching suppression orders.

He has a long history of fighting to unmask the identities of sexual predators.  

“Why I’m considering it is because we got such a great reaction to the jail to justice walk,” Mr Hinch said.

After he was released from jail in 2014 he walked 180 kilometres from prison to Victorian Parliament to deliver a petition of 130,000 signatures demanding a national public register of convicted paedophiles.

In 2011 he served five months home detention for naming two child sex offenders at a public rally in 2008.

In 1987 he spent 12 months in jail for outing a paedophile priest.

If elected, Mr Hinch, 71, could name sex offenders thanks to the high level of parliamentary privilege senators enjoy.

-with AAP