The final season of the original Jersey Flegg Cup. St George Illawarra withdrew from the competition, preferring to use their NSW Cup team and the local Illawarra competition in preparation for the NYC in 2008. The Central Coast Rip partnered with the Melbourne Storm, playing as the Central Coast Storm.
| Results | Finals Results | Coaches | Players |
Premiers: Penrith Panthers (4th title)
Runners-up: Parramatta Eels
Minor Premiers: Penrith Panthers
| Team | P | W | D | L | B | F | A | PD | Pts | |
| 1 | Penrith Panthers | 22 | 19 | 1 | 2 | 3 | 594 | 291 | 303 | 45 |
| 2 | Canterbury Bulldogs | 22 | 15 | 2 | 5 | 3 | 614 | 366 | 248 | 38 |
| 3 | Parramatta Eels | 22 | 15 | 1 | 6 | 3 | 536 | 332 | 204 | 37 |
| 4 | Canberra Raiders | 22 | 14 | 2 | 6 | 3 | 522 | 438 | 84 | 36 |
| 5 | Balmain Tigers | 22 | 13 | 2 | 7 | 3 | 478 | 397 | 81 | 34 |
| 6 | Newcastle Knights | 22 | 11 | 0 | 11 | 3 | 502 | 410 | 92 | 28 |
| 7 | Manly Sea Eagles | 22 | 10 | 2 | 10 | 3 | 417 | 409 | 8 | 28 |
| 8 | South Sydney Rabbitohs | 22 | 10 | 1 | 11 | 3 | 433 | 512 | -79 | 27 |
| 9 | Western Suburbs Magpies | 22 | 10 | 0 | 12 | 3 | 537 | 504 | 33 | 26 |
| 10 | Cronulla Sharks | 22 | 6 | 1 | 15 | 3 | 386 | 431 | -45 | 19 |
| 11 | Sydney Roosters | 22 | 6 | 0 | 16 | 3 | 394 | 613 | -219 | 18 |
| 12 | North Sydney Bears | 22 | 5 | 0 | 17 | 3 | 286 | 616 | -330 | 16 |
| 13 | Central Coast Storm | 22 | 3 | 0 | 19 | 3 | 398 | 778 | -380 | 12 |