That is the correct way of mounting the brake band and it's actuator rod.Normally one loop on the brake band goes around the brake rod going to the pedal and the other loop goes onto a welded stud on the kart frame.
THIS IS NOT!Image borrowed from Go Karts R Us!
And that's why it's technically incorrect..Take note that the rod is connected to the bottom of the brake band. Regardless of how you set it up....