The 1988 VFA season was the 107th season of the top division of the Victorian Football Association (VFA), and the 28th and final season of second division competition.

The Division 1 premiership was won by the Coburg Football Club, after it defeated Williamstown in the Grand Final on 18 September by 27 points; it was Coburg's fifth Division 1 premiership. The final Division 2 premiership was won by Oakleigh; it was the club's second Division 2 premiership, and the last premiership ever won by the club in either division.

Association membership The Association contracted substantially in 1988. Between the end of 1987 and the end of 1988, a total of five teams left the Association: Northcote and Caulfield, who were suspended by the Association in November 1987 Berwick, which withdrew from the Association in November 1987 , which folded in March 1988 Mordialloc, which withdrew from the Association in May 1988 Additionally, Moorabbin, which had been suspended in May 1987 for the remainder of that season, did not seek re-admission for 1988.

The controversial FORT review from December 1986 was considered instrumental in shaping the clubs' departures. The FORT review had recommended reducing the Association to 12 clubs in one division, with the second division operating as a suburban-level competition with no promotion or relegation between the levels; and, it explicitly named the eleven clubs it proposed to exclude from the rationalised competition. Even though the Association never received a mandate to enforce the FORT recommendations, all five of the clubs who departed saw the FORT review as partly responsible for their demise.

Caulfield Caulfield, which had been relegated from Division 1 at the end of 1981, had struggled to remain competitive in Division 2. Its financial viability had been borderline throughout its time in Division 2, and the club occasionally struggled to field minor grade teams. The club was also not helped by a clubroom fire in 1985. Its situation deteriorated rapidly in 1987, when the club endured an exodus of 28 players, which it blamed on the uncertainty generated by its exclusion from the FORT blueprint, and from negative publicity generated when Association president Brook Andersen had compared the club to the struggling Geelong West – it ran at a loss of $60,000 during the year and considered itself lucky to have survived.

The club fell behind on its Association levies in July and August 1987, resulting in its suspension from the final match of the 1987 season. By November, the club still owed the Association $11,000 in levies and fines, and on 4 November, the Association executive suspended Caulfield for the 1988 season. The club did not dispute that it was behind on its levies, but believed that the Association suspended it, rather than showing lenience, because of its desire to achieve the FORT's vision of a rationalised competition. The club never returned to the Association, ending its 80-year affiliation which had begun in Brighton in 1908 before moving to Caulfield in 1962. The club merged with the Ashburton Football Club and played in the South East Suburban Football League in 1988.

Northcote By November 1987, Northcote was found to no longer meet any of the Association's three minimum requirements for a club: it was not financially viable, as it lacked sponsors, had fewer than 100 members, and had no prospects of reversing this problem due to its small local population, and increased competition from soccer as the ethnic demographic in Northcote increased; it could no longer guarantee a home ground as the Northcote Council had been considering ending its tenancy of the Westgarth Street Oval; and it could not guarantee that it could muster enough players to field teams in all three grades. Officially, the club was suspended for the 1988 season on 4 November 1987, but Association president Brook Andersen commented that the club had "effectively resigned" by revealing all of these problems to the Association executive; although, there was some factional infighting within the club, and incoming club president Ian Galbraith, who wanted the club to stay in the Association, claimed that his factional enemies had exaggerated the magnitude of the club's problems in a deliberate attempt to bait the Association into expelling it. The club never returned, ending its 80-year affiliation with the Association, and soon disbanded.

Berwick At its annual general meeting on 12 November 1987, Berwick discussed whether or not to withdraw from the Association and return to the South West Gippsland Football League. The club had not enjoyed any significant improvement in local support and its financial position had suffered since joining the Association from the SWGFL in 1983; and, there were concerns after the FORT review that Division 2 had an uncertain future. The motion to leave the Association was passed by a narrow majority at the meeting, and Berwick returned to the SWGFL in 1988, ending its five-year affiliation with the Association.

The club also noted that it was faced with paying a $5,000 instalment of its affiliation levy in November, with Caulfield's suspension sending a clear message that the club faced suspension if it failed to pay. Some at the club believed this to be a cynical ploy by the Association to drive its weaker clubs out of the competition, further raising concerns about whether it could survive long-term in the competition.

As of 2021, the club remains active, most recently in the Eastern Football League.

Waverley In early March 1988, Waverley announced that it was in financial trouble. It had not paid its players for 1987, nor had it paid its most recent $5,000 instalment of the affiliation levy, it was $58,000 in debt and it needed to raise $20,000 within two weeks to remain in operation. The club's supporters and members rallied, and developed a plan to use its small cash reserves to pay the affiliation levy, then pledged its commitment to raise the $20,000 it needed, as well as the $80,000 it would need to operate for the rest of the season; but, within two days, one of the club's creditors objected to the club using its cash reserves in this manner, and threatened legal action. The club expected to be suspended if failed to pay its levies, but had no other way of raising the necessary cash, so it ceased operations and folded on 11 March, ending its 28-year affiliation with the Association.

Mordialloc After Round 4, Mordialloc met to decide whether to stay in the Association or not. The club was performing very poorly on the field, having lost its three games by a combined 428 points – it struggled to recruit quality players, which it blamed on its proximity to the more successful Sandringham and Frankston and the uncertainty generated by the FORT review. Additionally, the immediate future of Division 2 was looking weaker than ever, as Brook Andersen had predicted to the media in late March that he expected the Association to have reduced to 14 teams in one division by 1989. The club was not in any immediate financial trouble, but it was concerned that a full year of continued uncompetitive performances in the uncertain Division 2 environment could cause financial trouble which would force the club to fold. As such, on 5 May, the club opted to withdraw immediately from the Association, ending an affiliation which had lasted just over thirty years. The following week, the club began playing in the South East Suburban Football League, where it believed it had greater long-term viability; and as of 2021, it is indeed still competing in the league's successor, the Southern Football League.

Administrative structure In March, one of the FORT review's key recommendations was formally endorsed when the structure of the Association's Board of Management was changed; now, instead of being composed of delegates representing each of the clubs, a six-man independent board was elected at the beginning of the year. Under the new structure, which existed until 1993, the independent Board of Management had the power to make decisions on behalf of the Association; and, a separate Board of Directors, comprising one member from each club, was established and had the power to veto any Board of Management decision if it obtained a three-quarters majority in favour of doing so. The change brought an end to the club-based administrative model under which the Association had operated for 111 years since its establishment in 1877.

Division 1 The Division 1 home-and-away season was played over eighteen rounds; the top four then contested the finals under the Page–McIntyre system. The finals were played at the North Port Oval and the Grand Final was played at Windy Hill.

Ladder

Finals Semi-finals

Preliminary final

Grand Final

Awards The leading goalkicker for the season was Jamie Shaw (Preston), who kicked 99 goals during the home-and-away season and 105 goals overall. The J. J. Liston Trophy was won jointly by Brett McTaggart (Williamstown) and Gary Sheldon (Coburg), who both polled 19 votes. Barry Round (Williamstown) finished third with 18 votes. Springvale won the seconds premiership. Springvale 12.15 (87) defeated Coburg 11.18 (84) in the Grand Final, held on Sunday 18 September.

Division 2 The Division 2 fixture was originally drawn up with eight teams over eighteen rounds, including both Waverley and Mordialloc. Following Waverley's departure, the fixture was unchanged except that Waverley's opponent was scheduled for a bye each week. After Mordialloc's departure, the Association expunged Mordialloc's three games from the record entirely; the rest of the season's fixture was re-drawn to ensure each team played a total of eighteen games.

The top four of the six remaining teams then contested the finals under the Page–McIntyre system. The semi-finals and preliminary final were played at the home ground of the higher-ranked team in the match; the Grand Final was played at Windy Hill.

Ladder

Finals

Awards The leading goalkicker for Division 2 for the fourth consecutive year was Rino Pretto (Oakleigh), who kicked 91 goals for the season. The J. Field Medal was won by Stephen Sells (Werribee), who polled 23 votes. Sells finished ahead of Peter Lindsay (Dandenong), who was second, and Michael Owen (Oakleigh), who was third. Werribee won the seconds premiership for the second consecutive season. Werribee 17.23 (125) defeated Camberwell 9.13 (67) in the Grand Final, played on Sunday 18 September.

Notable events

Interleague matches The Association competed in the second division of the 1988 Adelaide Bicentennial Carnival, held from 2 March to 5 March. The carnival was played under state of origin rules, so the Association was given permission to play up to five players from the VFL, SANFL or WAFL who began their senior careers in the Association, in addition to any currently-listed Association players regardless of their origin. It was the first time the Association had played representative games under origin rules. Barry Round (Williamstown) captained the Association team. The Association finished in second place after being defeated by Northern Territory in the Grand Final. Terry Wallace (, formerly of Camberwell) won the Dolphin Medal as the best player in Division 2 during the carnival, and he was the sole Association player selected in the All-Australian team.

The Association then played two stand-alone interstate games, both under non-origin rules. The first was against Tasmania in Hobart. The second was against the West Australian Football League in Perth, and was played as a curtain-raiser to a state-of-origin match between Western Australia (which was composed of VFL and WAFL players of Western Australian origin) and Victoria.