Financial Disclaimer

Last updated: 27 April 2026  ·  Effective: 27 April 2026

Plain English summary: Wet Paint is a budgeting tool, not a financial adviser. Nothing in the app is financial advice. Always speak to a licensed financial professional before making major financial decisions.

1. Not Financial Advice

The information, tools, calculations, and content provided through the Wet Paint application at getwetpaint.app are for general informational and budgeting purposes only. They do not constitute:

Any budgeting categories, projections, mortgage calculations, investment tracking, or spending summaries displayed in Wet Paint are based solely on the data you enter. They are mathematical outputs, not recommendations.

2. No Australian Financial Services Licence

Wet Paint is operated by David Morgan. We do not hold an Australian Financial Services Licence (AFSL) issued by the Australian Securities and Investments Commission (ASIC), nor do we hold a Australian Credit Licence (ACL).

We are not authorised to provide financial product advice, recommend financial products, deal in financial products, or provide credit assistance. You should not treat anything in this application as a substitute for advice from a licensed professional.

3. Accuracy of Information

Wet Paint displays financial data based entirely on what you enter. We make no representation or warranty — express or implied — that:

Financial figures in Wet Paint are estimates only. Always verify important figures directly with your bank, lender, superannuation fund, or financial adviser.

4. Open Banking and Transaction Data

Where you connect bank accounts using our Open Banking integration (powered by Basiq), transaction data is retrieved from your financial institution and displayed in Wet Paint. We are not responsible for:

Always cross-reference Wet Paint data against your official bank statements. Your bank statement is the authoritative record of your account activity.

5. Investment Tracking

The investments section of Wet Paint allows you to manually record investment holdings and enter current valuations. Wet Paint does not connect to live market data feeds. Any investment values displayed are those you enter and may not reflect current market prices.

Past investment performance is not an indicator of future performance. Nothing in the investments section of Wet Paint should be construed as a recommendation to buy, sell, or hold any financial product.

6. Tax Information

Wet Paint is not a tax application and does not provide tax advice. Budget categories, transaction labels, and spending summaries in Wet Paint have no special tax significance and should not be used as the basis for any tax return or tax-related claim.

For all tax matters, consult a registered tax agent or the Australian Taxation Office (ATO).

7. Seek Professional Advice

Before making any significant financial decision — including decisions about investments, superannuation, insurance, debt, mortgages, or retirement planning — you should seek advice from a licensed professional appropriate to your circumstances:

This disclaimer is provided in accordance with the Corporations Act 2001 (Cth) and ASIC's guidance on financial product advice. If you have questions about this disclaimer, contact hello@getwetpaint.app.