Michael Ibrahim will remain behind bars for killing comedian George Nassour's brother, with the NSW parole board ruling he would be at "risk of reoffending".
State Parole Authority chairman Ian Pike says it isn't in the "public interest" for Ibrahim to be released "at this time" because he is unlikely to adapt to lawful community life.
"The authority has determined that parole should be refused," Mr Pike told the hearing in Parramatta on Wednesday.
Ibrahim, younger brother of nightclub owner John, has served more than his minimum six year term over the death of Robin Nassour.
Ibrahim was last refused parole on July 19 after the parole board received classified intelligence material produced by police.
Earlier on Wednesday, the tribunal was told Ibrahim was prepared to abide by the "most stringent" of parole conditions if granted a release.
The tribunal heard those conditions could include not associating with known bikies, staying out of Kings Cross and the city, and wearing an electronic tracking device.
He also agreed to cut ties with his brother Sam.
The tribunal was told two Hells Angels bikes visited the inmate in jail in July but that they were not invited and were told by him not to return.
Ibrahim said he had no plans to break the law on his release from prison.
"Have you made any plans to act illegally in any way upon your release?" asked Ibrahim's lawyer, Philip Boulten SC.
"No I haven't," replied Ibrahim, who appeared via audio visual link from jail.
Ibrahim told the parole board he wanted to "move on" with his life and had experienced a number of "wake up calls" like being behind bars while his mum had cancer treatment.
He will again be eligible to apply for parole early next year.
