The home-and-home season was played over twenty matches, before the top four clubs contested a finals series under the Page–McIntyre system to determine the premiers for the season.
Ladder
Finals
Awards
The J. J. Liston Trophy was won by Bill Findlay, who polled 47 votes. Herbie Matthews was second with 33 votes, and S. Snell was third with 31 votes.
Prahran won the seconds premiership, after defeating Yarraville in the Grand Final.
On 25 May, Sandringham 15.13 defeated Northcote 13.10. Northcote protested the result, on the basis that the third quarter was played 10 minutes short of the full duration. The Association resolved that the game should be replayed, but only if it had any bearing on the final four. After the home-and-home season, Sandringham finished third, four points ahead of fifth-placed Coburg but with a poorer percentage; this meant that the replay was required, and that Coburg would make the finals if it were lost by Sandringham. However, on the Monday after the home-and-home matches were complete, the Association Board of Management decided to rescind its previous decision and allow Sandringham's original win to stand. Coburg was unhappy, and believed it was in a strong legal position to compel the Association to uphold its original decision to replay the match; but, it nevertheless decided not to proceed with any action and allowed the result to stand. As a result, Sandringham qualified for the finals for the first time, and went on to win the premiership.
In the preliminary final, Sandringham 9.12 trailed Williamstown 15.16 at three-quarter time, before kicking seven goals to one in the final quarter to win by one point, 16.19 d. 16.18.
Coburg and Prahran visited Broken Hill on the weekend of 19 October and played two exhibition matches. On Saturday 19 October, Prahran 14.13 defeated Coburg 7.13 under Association rules; on Sunday 20 October, a combined Prahran-Coburg team 8.11 lost to the Zinc Corporation XVIII 11.6 under League rules.
On Saturday 19 October, Williamstown and Camberwell played an exhibition match under Association rules at the NTCA Ground in Launceston, Tasmania, where the League rules were prevalent. Williamstown 16.11 defeated Camberwell 13.16 in front of a large crowd of 3,600.
