The extortionist behind Sydney's infamous collar bomb hoax will be released on parole as early as the end of this month after serving his minimum jail sentence.
Paul Douglas Peters was jailed for at least 10 years over the 2011 attack, in which he strapped a fake bomb to the neck of a terrified teenager inside her Mosman bedroom, on Sydney's lower north shore.
The State Parole Authority (SPA) has ordered Peters, who is now in his 60s, be released no earlier than August 27.
His risk of re-offending has been assessed as low and the panel noted he had demonstrated an "excellent" performance in prison.
Peters has completed most relevant counselling programs and has been offered a job upon his release.
But as part of his parole conditions, he has been banned from drinking alcohol, contacting his victim or her family, and going anywhere near suburbs in which she spends most of her time.
In a submission to the SPA, the victim's father described the impact the crime had on his daughter, including extreme post-traumatic stress syndrome.
He said a media report in April showing images of Peters and discussing his potential release caused her mental health to deteriorate.
"She has a real fear that she may potentially confront him somewhere in Sydney," the father said.
The family also said it would be beneficial to her mental health if Peters offered some explanation as to how he could have committed his crime against a then-18-year-old, when he had daughters the same age.
The family said a letter from Peters acknowledging he was "truly sorry" would alleviate some of the victim's concerns.
During a parole hearing last month, Peters unexpectedly spoke to offer a "deep-founded apology", something he claimed he never had an opportunity to do.
Peters has "strong family support" and post-release accommodation lined up, the SPA acknowledged.
The State of NSW had pushed for another psychiatric assessment of Peters before his release and sought clarification of his diagnosis.
But the SPA noted the sentencing judge, Peter Zahra, found Peters was not driven by psychotic beliefs, but a financial motivation, when he attempted the extortion.
The judge accepted the opinion of psychologists that it was unlikely there was any significant causative link between the offending and any mental disorder.
"The Authority is of the view that the offender's continued stable mental health presentation in custody does not warrant further psychiatric assessment of him prior to release," the SPA said in its determination.
Peters previously appealed, unsuccessfully, against his maximum 13-and-a-half year sentence.
A court previously heard that in his disturbed state of mind he thought he had become part of a novel he was obsessively writing, having identified closely with one of its characters.
