Green’s Dictionary of Slang

(Aus.) impoverished, poor.

2000		J. Factor Kidspeak 164: povo (1) adj financially poor. Possibly from Italian: povero = poor.
2006		Wotoni (Canberra) 1 Oct. 13/2: And where, you may ask, do they go to get off their povvo faces?
2007		J. Roy Town 20: Dad reckons we’re spoilt for choice when it comes to sport. He says that when he was a kid they had hardly any options at all, because he went to a povvo school .
2017		news.com.au 27 Aug. 🌐 Of course, cooking your own grub is the perfect Povvo solution, but it’s not easy in the back of a car.