First of all, you have to apply for a transcript from Monash University where you are located (maybe the academic affairs office and student management office of your school will charge you a part of the fee for issuing transcripts);

Secondly, find the course manual on monash's official website, and briefly summarize the contents of each course you have completed (this work is necessary, because the school you want to transfer will usually ask you to do so, because the course name and credit system are different when each school offers courses, and they will weigh which courses you can get exemption and certification); After accepting your transfer application according to the content of the course you have studied);

Step three, take these documents to the counter of the academic affairs office of the university you want to transfer to, or call there for consultation and apply for possible transfer.

After that, I basically waited. Under normal circumstances, you can transfer successfully, and your credits will be transferred to another school at the same level. However, according to your current situation, the only thing you don't know is how your one-year course at Monash has been completed. English does not need to be considered, because if you transfer after one year, you can be exempted from the requirements of English-speaking countries for English scores after one year of full-time study. So according to your question, I guess you are a student who is about to finish a semester course. If you really want to transfer, it depends on your performance in completing the course this semester. If it is very high, I believe it is easy to transfer. If your grades are average, I suggest you wait 1 year as you said, and try to get your grades up in the first semester of next semester.

The experience of telling you this comes from my past experience when my classmates transferred to Sydney University or Melbourne University when I was studying at the University of New South Wales. I haven't experienced it personally, but I hope it will help you. Good luck! You can contact me in time if you have any questions, and I will try my best to help you answer them!