SCHAPELLE Corby could be released from her Indonesian prison by the weekend.

Indonesia's justice minister will sign Schapelle Corby's parole application in the next three days.

The breakthrough was announced by Indonesia's foreign minister Marty Natalegawa at a brief press conference in Jakarta.

If released, Corby will have to stay in Bali on parole, and will most likely live with her sister Mercedes, who has an apartment in Kuta.

She will not be able to return to Australia until 2017.

Corby was initially sentenced to 20 years in prison after being caught with 4.2kg of cannabis in her body board bag in 2005, but the sentence was reduced by five years in 2012.

In December last year  Indonesian corrections board took two months off her sentence as part of a Christmas tradition. The board rewards those inside the Kerobokan jail in Bali for good behaviour.

The reduction in sentence followed the Indonesian prison board's recommendation in August that Corby be given early release, a move which appeared to be have been bogged down by paperwork until today.

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