Former NSW Labor minister Eddie Obeid is likely to be home for Christmas after being granted parole, having served his minimum three-year jail term for misconduct in public office.
The earliest date of his release will be 14 December the NSW State Parole Authority said in a statement on Friday.
The 76-year-old former ALP powerbroker was jailed in December 2016 for at least three years after being found guilty of misconduct in public office between August and November 2007.
He was found to have lobbied a public servant to secure lease renewals for two lucrative Circular Quay businesses without revealing his family's financial interests in the outlets.
His maximum term was five years.
As well as the 11 standard parole conditions, the SPA ordered that Obeid "not engage in any activity paid or unpaid involving the control of money or assets of other people or organisations".
Obeid was jailed for misconduct in public office. He has now been granted bail. Source: AAP
The standard conditions include being of good behaviour, adapting "to normal lawful community life" and complying with directions from a Community Corrections officer.
Those directions cover drug and alcohol testing and not associating with specified people or visiting specified places.
Obeid can't leave NSW or Australia without permission.
Reasons given for the parole decision included the former MP's age and the fact the sentence was his first time in jail.
The 76-year-old former ALP powerbroker was jailed in December 2016. Source: AAP
Community Corrections also recommended parole in its pre-release report.
Obeid had demonstrated "satisfactory prison performance", had suitable post-release plans in the community and had limited access to programs and counselling in custody, the SPA said.
