Social media platforms such as Facebook, Twitter and Google have released the final version of a long-awaited industry code to address the spread of misinformation on their services in Australia.

Signatories have committed to develop and implement measures to deal with misinformation and disinformation on their services.

Australian media regulator calls the industry code “flexible and proportionate” while the Federal Government says it will be “watching carefully” to see its effect.

The code could change the experience of using social media in Australia, with more pop-up warnings about fake news, as well as better systems to report misinformation.

Under the code, which is voluntary, all signatories commit to develop and implement measures to deal with mis- and dis-information on their services.

Current signatories are Twitter, Google, Facebook, Microsoft, TikTok and Redbubble.