It won't be low voltage - it's switching the contactor using 240V remember. The main thing is that it's a dry contact, so the installer can use the contacts in pretty well any way they want as long as they stay within the current switching capability. Ie, if they want a switched live feed, connect one side to a live supply; want a switched neutral (as in this case), connect one side to neutral; want to switch a customer circuit*, connect the customer circuit to it. It may be relatively low current - but I'd guess they'd not have it rated less than at least a few amps…
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OK, understood. Mine operated with 12 volts because the reed switch could only handle about 1/2 amp at less than 50 volts………..and to avoid any significant voltage being allowed to get mixed up with a domestic water supply system.
In my house wiring case it isn't a problem.