Terms of Use
These terms apply when you use PropFolios, an app made by the developer named as the seller on its App Store listing (“we”, “us”). Your licence to use the app is Apple's Licensed Application End User License Agreement. These terms add what is specific to PropFolios. Our Privacy Policy explains how your information is handled.
What PropFolios is, and isn't
PropFolios reads the documents for your Australian rental property and prepares figures for the Rent section of your individual tax return, showing where each figure came from.
- It is not tax, legal or financial advice, and it is not a registered tax agent. PropFolios was designed by accountants, but it is software, not a professional service: using it doesn't create an advisory relationship with anyone.
- It doesn't lodge anything. You lodge your return in myTax yourself, or through a registered tax agent.
- Reading documents with AI can make mistakes. Each figure links to the document and line it came from so you can check it. You are responsible for checking the figures against your documents, and for what you lodge.
- PropFolios isn't affiliated with, endorsed by or certified by the Australian Taxation Office or any professional accounting body. myTax is a service of the Australian Taxation Office.
- It supports Australian tax only: ATO financial years and the Rent section of the individual tax return.
Free period and pricing
- PropFolios is free for a limited time. Like any software, it can change, have faults or be unavailable at times. Keep your own backups of your documents; PropFolios doesn't move, edit or delete your files, but that is no substitute.
- We may end the free period, change or remove features, suspend or end the online processing service, or introduce paid plans. The App Store shows the price before you confirm any purchase, and we'll give reasonable notice before something you use becomes paid.
- Paid plans, if any, are billed by Apple to your Apple Account and renew automatically unless you turn off auto-renewal at least 24 hours before the end of the current period. Manage or cancel in your App Store account settings. Apple handles billing and refunds; to ask for a refund, use reportaproblem.apple.com.
- If paid access ends, your files, folders and records stay as they were; only the paid features lock again.
Your documents
Your documents and the records you keep in PropFolios remain yours. If you choose PropFolios AI, you allow us to send document content to our processing service and AI provider, as the Privacy Policy describes, only so PropFolios can read your documents for you. Only add documents you're entitled to use.
AI reading
Reading documents relies either on an online processing service (PropFolios AI) or on a model you run on your device (Local). The online service may sometimes be slow or unavailable; when that happens PropFolios pauses and tries again later. Please don't misuse the service, try to get around its limits, or use it for anything other than PropFolios. Local models come from third parties; their own licences apply, and their accuracy can differ.
Ownership
PropFolios' software, design and name belong to us or our licensors. Apple's licence gives you the right to use the app, not to copy it, resell it or take it apart.
Trademarks
Apple, the Apple logo, App Store and iCloud are trademarks of Apple Inc. Other names belong to their owners and appear only to say what PropFolios works with.
Australian Consumer Law
PropFolios comes with guarantees that cannot be excluded under the Australian Consumer Law. Nothing in these terms limits those rights. Apart from them, and to the extent the law allows, PropFolios is provided as is, and we aren't liable for loss arising from figures you lodge without checking them against your documents.
Governing law
These terms are governed by Australian law, and you and we submit to the non-exclusive jurisdiction of Australian courts.
Changes
We may update PropFolios and these terms. If we change these terms, we'll update this page and its date.
Contact
Questions about these terms: hello@propfolios.com.au.
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