The story
'Snowy' apparently refers to the Snowy Mountains; Monaro is a region.
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: A local government area (Snowy Monaro Regional Council) in south-east New South Wales, Australia, located between the Australian Capital Territory and the border of Victoria. Full definition →
'Snowy' apparently refers to the Snowy Mountains; Monaro is a region.
Etymology from Wiktionary, CC BY-SA 4.0.