Scott Morrison said last night on national television in regarding to excess imputation credits and Labors policy.

I met a woman today with Luke. That is her entire income. Shes a self-funded retiree, she lives off those refunds. Its her entire income so were not talking about her losing a bit, shes losing the lot..

Mr Morrison is making it up as he goes. It is impossible for an individuals entire income to be made up of just excess franking credits. To get credits, you must receive dividends. The dividends will inevitably be much greater than the franking credits. Dividends are completely untouched by Labors policy.

Mr Morrison needs to stop suggesting that Labors reforms to dividend imputation impacts income that self-funded retirees receive from the share dividends themselves. Labors policy relates to stopping the payment of excess imputation credits only.

Scott Morrison or his office need to immediately release the non-identified particulars of this case so they can be scrutinised.