Chris Dawson has walked free on bail only two weeks after he was arrested over the murder of his wife Lynette Dawson.
The 70-year-old was granted bail on a $1.5million security after appearing in Sydney's Central Local Court on Monday.
Magistrate Robert Williams acknowledged that if bail was refused, Mr Dawson would spend 'some 15 months in custody prior to trial,' news.com.au reports.
Dawson will be allowed to return to his Coolum home in Queensland with his third wife.
During Monday's bail application hearing, Dawson appeared via video link to hear his fate.
The Magistrate noted that Dawson had no previous charges against him and zero criminal history in New South Wales.
But Magistrate Williams also said if Dawson is found guilty, he will be given a 'lengthy custodial sentence'.
Dawson was sensationally arrested two weeks ago, charged with the homicide of his former wife Lynette Dawson.
Lynette vanished without a trace in 1982 and has been the subject of critically acclaimed podcast The Teacher's Pet.