If you've done legal studies, the first five weeks of ILR is pretty much just that - you go over the role of parliament, the constitution and then look at a couple of landmark cases like Mabo etc, so you won't need to do very much, if any, reading for that part of the semester. From halfway through the semester, ILR goes into more legal theory. It's really a mixed bag in terms of who you get as your lecturer when it comes to how much you have to read. Do absolutely everything in your power to get into Ross Hyams' stream - he is one of the best academics Monash has. ILR lectures are only meant to hold around 40 people, but towards the end of semester we had upwards of 70 come to our classes because the other lecturers were so poor in comparison to him.
With Contracts, you'll need to do readings, especially if you want to do well. One thing I would recommend everyone purchase for Contracts is the case summary book (this one:
http://www.liv.asn.au/Bookshop/Student-Texts/Case-Summaries-Lexis-Nexis/LexisNexis-Case-Summaries---Contracts-e7), which is available from Legibook for around $30. It pretty much has every case you will cover in Contract A and B and breaks down the judgment into a half-page summary of the key facts, issues and the reason for the judgment. This is really relevant, because the average contracts case is about 8+ pages of very thick, heavy language (especially some of the early cases), and you'll have around 10-12 cases a week to read, plus all your other readings - so to be able to pull that out is a godsend. I'll admit I didn't use my prescribed case book much after the first half of semester 1, but again, the earlier you start, the more time you'll have for reading, and the better you'll understand the content
