Why not pick up a KB/Baldor 240v DC controller, many come up on eBay and would be much simpler than the effort to rewind the motor, believe me.
By rights you would have to have the armature shellac dipped and baked afterward to avoid windings being flung, then balanced.
If you can live with the lower RPM then use a 120v version.
Also as Mike suggested the Com but also the brushes may not be designed to take that current.
I just noticed you are in Australia so the 240v version would be the better choice?
Al.
CNC, Mechatronics Integration and Custom Machine Design
“Logic will get you from A to B. Imagination will take you everywhere.”
Albert E.