The Supreme Court in Brisbane on Tuesday ordered Ms Trad's application against the Queensland Crime and Corruption Commission be dismissed after all parties accepted the state's law as it stands would not allow the report's release.
Ms Trad launched legal action to stop the CCC releasing a report on allegations she intervened in the recruitment of a senior public servant in 2019.
The CCC launched the probe in 2020 after Ms Trad was accused of overruling an independent selection panel to ensure her own pick, Frankie Carroll, was installed as under-treasurer in 2019.
Ms Trad's barrister, Angus Scott KC, told the Supreme Court on Tuesday that all parties had now consented to end the matter after another former Queensland public official set a High Court precedent last month.
"(The proposed order) concedes that the CCC does not have power to make public the report, the subject of these proceedings, in light of the High Court's decision in Carne," Mr Scott said.
The High Court ruled last month that a CCC report on allegations against former public trustee Peter Carne was not subject to parliamentary privilege and could not be released.
The Clerk of Parliament for the Speaker of Queensland's Legislative Assembly was also a party to the Trad case.
The CCC also agreed to a proposal to pay Ms Trad's costs.
Justice Martin Burns ordered that the files related to the case would not be made public but did agree with the CCC's barrister, Peter Dunning KC, that the agreement between the parties be made public in the interests of open justice and historical record.
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