Cowdenbeath as champions, and Dumbarton as winners of the promotion play-offs.
Albion Rovers finished in 9th place, but were able to stay up as a result of winning the promotion play-offs.
Stranraer, who had lost to Albion Rovers in the play-off final, were promoted to the Second Division after the decision was made for Rangers to start in the Third Division.
[1] Stranraer replaced Airdrie United, who will take up the space in the First Division.
The play-offs were played over two legs, and the winning team in each semi-final advanced to the final.