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Sadly Gareth income has nothing to do with golf handicap , it’s old Father Time who gets you and no matter how much money you’ve got , you can’t pay him to stay away.

- Phillip

Hi Phillip. I'm enjoying your discussion with Gareth about golf handicaps.

While Father Time (ageing) hinders one's golf handicap in some ways, it can help in others.

I am reliably informed that your namesake, former RBA governor Philip Lowe has taken his golf handicap down from the mid-teens to single figures since he left the bank.

I understand he plays a few times a week and, as the AFR reported, he also works out quite a bit in the gym.

A well placed source tells me Phil Lowe is hitting the golf ball much further than before.

So, in this case, time is on Phil's side — he now has time to get fitter and practice.

On the other hand, a busy job and two small kids mean I'm lucky to get out for one round a month.

Unsurprisingly, my GA handicap is still stuck around the mid-teens, roughly where Phil Lowe's was before he retired.

That said, I occasionally hit a decent shot, like this 7 iron that was about five inches from slam dunking the 7th hole at Royal Marrickville on Sunday (for the non-golfers, that dent in the grass is where the ball landed).

The first question my colleague Did Taylor asked was, "Did you sink the putt?"

Phillip, as a fellow golfer, I reckon you can guess the answer to that!

At least I didn't three-putt.

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