Facebook will ban political advertising bought by foreign entities and crack down on fake accounts during the federal election.

The social media giant has come under fire for not doing enough to limit foreign interference, especially out of Russia, in US and European elections in recent years.

Mia Garlick, Facebook's director of policy in Australia, said the company would take a multi-pronged approach to the upcoming federal election.

The day after the election is called, Facebook will temporarily not allow electoral ads purchased from outside Australia.

"It will apply to ads we determine to be coming from foreign entities that are of an electoral nature, meaning they contain references to politicians, parties or election suppression," Ms Garlick said in a blog post on Friday.

"We also won't allow foreign ads that include political slogans and party logos."

The news wire service Agence France-Presse will work with Facebook to conduct third-party fact checking.

Once a story is rated as false, it will be shown lower in Facebook's news feed, significantly reducing the prospect of people viewing it.

Content that violates Facebook's community standards will be removed.

And if does not violate the standards but still presents as "clickbait" or sensational material its distribution will be reduced.

Work will be stepped up on taking down fake accounts, of which 1.5 billion were acted against between April and September last year.

Facebook said its technology had detected 99.6 per cent of these types of accounts before they were reported to the company.

"We are committed to tackling all kinds of inauthentic behaviour and abuse on our platform from misinformation, misrepresentation and foreign interference, to phishing, harassment and violent threats," Ms Garlick said.

"We know that all of these tactics can intensify during elections, which is why we invest in a combination of expert resources and technology to find, disrupt and remove this type of behaviour."