Silly fool! Tracy concerned with sense of smell? (9)

I believe the answer is:

olfactory

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'concerned with sense of smell?' is the definition.
I can't judge whether this defines the answer.

'silly fool tracy' is the wordplay.
'silly' is an anagram indicator.
'fool'+'tracy'='fooltracy'
'fooltracy' anagrammed gives 'OLFACTORY'.

Can you help me to learn more?

(Other definitions for olfactory that I've seen before include "Fool Tracy (anag) - relating to the sense of smell" , "concerned with smell" , "Dealing with smells" , "Smelling" , "associated with a stink" .)

I've seen this clue in the Sydney Morning Herald.

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