You are missing almost ALL of the original switch.
Black is power and goes to that center bar. In the original switch, there is a rocking bar that pivots on that center bar. The bar has two contacts and is all metal. The button (not the one you've pictured) connects to a ball and spring that rides the rocking bar. At "rest" the bar connects center (black) to a Blk/red wire (from memory), which is head light fuse power. When the button is pushed, the rocking bar comes off the Blk/Red contacts and then connects Black to Yellow/red, which is starter solenoid power enable. The button has an additional spring to push it back to the "rest" position when released.
So, the switch routes power either to the headlight OR to the stater solenoid, which is handy, as it removes headlight load on the battery during electric start, and this helps the ignition make stronger spark at the plugs.
I have a back burner project to make new plastic parts for that switch. But, a still need a whole one to make the mold. The free/spare switch I have now is only half intact. No good for a complete mold.
Cheers,