The premiership was won by the Williamstown Football Club, which defeated Oakleigh by three points in the Grand Final on 1 October.

In the following decade, the Association had introduced a number of rule changes, most notably legalising throwing of the football in general play, while the ANFC-affiliated Victorian Football League was bound by the national rules; and, there was no player transfer agreement between the two bodies, allowing players to switch codes without a clearance.

[1][2] By standing alone, the Association's throw-pass innovation and aggressive recruiting of League stars substantially boosted its attendances during the 1940s.

[4] In the late 1940s, the VFA began looking at obtaining a seat on the ANFC as a means of unifying football control while maintaining its independence.

[5] By the end of the season, both the League and the Association had agreed to lift any active suspensions which players had received for switching codes without a clearance.