-losing armbands when jumping in with arms raised.
-not realising how deep it is and jumping in
-thinking they can stand, but sliding down a slope in the pool bottom
It does not look like there are a lot of rescue aids, based on images of the pool, although you can see a large lifesaving buoy in some photos, so unless that has been planted after the fact, there was one.
So back to the pumps in more detail...
If you think that is unlikely, I suggest you watch a few episodes of Bondi Rescue...
There are guidelines (HSG 179).
The decision is based on a number of factors & the risk assessment that all pools must carry out.
Pool can also reduce the number of lifeguards required on duty as well, by installing drowning detection cameras.