Graham Stafford, who was wrongly convicted and jailed for the murder of Leanne Holland, pictured at Mooloolaba on the Queensland Sunshine Coast.

Graham Stafford, acquitted of the murder of Leanne Holland, pictured at Mooloolaba. Photo: RICHARD WHITFIELD

The man acquitted of murdering Queensland schoolgirl Leanne Holland won't face a retrial.

Attorney-General Jarrod Bleijie made the announcement on Friday following a review of all the evidence against Graham Stafford, who was jailed for the 1991 murder of the 12-year-old.

He said the director of public prosecutions, a retired Supreme Court judge and a senior Queen's Counsel reviewed all of the evidence and advised him that a new trial would not be in the public interest.

"I must respect that advice," he said in a statement on Friday.

"Leanne's family has been informed and my thoughts are with them at this time."

Mr Bleijie said relevant considerations included the age of the case, the fact Leanne died more than 20 years ago, and Mr Stafford had already served 15 years in prison.

Leanne's battered body was found in bushland near her family's Goodna home, west of Brisbane, on September 26, 1991.

Mr Stafford was released after his conviction was quashed in 2009 on a technicality, prompting a two-year police review.

In December 2012, police said new forensic evidence indicated Mr Stafford committed the 1991 murder, and recommended he be retried.

Mr Stafford said a retrial would set the record straight.

The State Director of Public Prosecutions decided there was no point pursuing one, however Mr Bleijie appointed former Supreme Court judge Kenneth Mackenzie QC to review the case.