The board saw him again this month and concluded McKay had been able to demonstrate insight into the triggers of his offending while a psychologist said he had a very low risk of re-offending.
The psychologist acknowledged McKay's offending had occurred as a result of his occupation as a practising lawyer, which was no longer available to him.
"The case itself attracted significant media attention, and the report writer opined that people would be unlikely indeed to trust Mr McKay with money in the future," the report read.
He was granted parole and would be released from prison next month with "a robust release proposal" in place.
He would be subject to special conditions until his sentence end date in August, 2020.
Included in those conditions was to not be involved in the handling of money, provision of advice or management of financial accounts or transactions without prior written approval of a probation officer.