I am not at all Jandy expert, but I really doubt that the "Low voltage fault" has anything to do with the voltage of the control cable. I suspect it has to do with the 240 VAC going to the pump. On most other pumps when you have this fault, you have to clear it, before the pump will move forward.
Logic says either you have low AC volts or you do not. If you have tested and know you have 240 volts, then I would suspect a drive failure.
How did you test for the 240 volts? Did you test between L1 and L2 and read 240 volts? Or did you test L1 to ground and get 120 volts, and then test L2 to ground and get 120 volts? You can not test to ground, when the pump is connected, and get a valid reading.
Thanks,
Jim R.