7 News reports Mr Dawson will pay $750,000 to be released from Sydney's Silverwater Jail.
Mr Dawson will report to Maroochydore police station daily and he can not travel more than 20 kilometres from his home.
More to come.
Lynette Dawson vanished in 1982, and Mr Dawson has now been charged with her murder.
Now 70-year-old Dawson has always maintained his innocence.
Mr Dawson's family have previously claimed Lynette ran away in 1982.