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No. 240 Volts was the nominal standard in Australia with a tolerance of +/- 10%, So the voltage could be anywhere between 216 Volts and 264 Volts. The change to 230 volts is part of international harmonisation between countries that use 220 volt standards and 240 volt Standards. The new tolerance levels are +10% and - 6%.

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Q: If your house is wired for 240 volts do you have to have your house rewired for 230 volts?
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