As you've just mentioned, this is the first time that temporary resident volumes have been reflected in the levels plan, and international students do make up the largest share of the temporary resident volume.
In January of this year, a decision was made on international students to set the level based on a zero net growth model. That meant the number of new study permits that would be approved could not exceed the number of permits that were expiring this year. As a result of the government's commitment to reducing temporary resident volumes to 5% of the total population, a decision was taken that for 2025, the cap for students would need to be reduced by a further 10% and that this number would be held constant in 2026.