Hi ParadoX,
The shaft you're referring to i've come to learn is called the 'bucking bar', it does disengage the clutch plate, but you will not be able push it in by hand.
Some of these kits come with stiff as **** clutches at first, and I had many problems with it at first. The very first time I installed my clutch cable it was a struggle because I had to do it on my own, while supplying a huge amount of force on the clutch to keep the arm pushed in enough.
So, if you have a friend who can help, push in the lever with your hand (allowing for a bit of slack, I pushed mine in about a half of the total arc of the arm), slot the cable in the end of the arm, push the brass fitting down flush with the arm (they kind of have cuttings on the ends that slot inside in no particular way..), and tighten the locking nut.
I was unfortunate and my main clutch plate was *really* jammed somehow when I got it, the solution for me was to gently whack around the star bolt thing under the front clutch cover (with the sticker usually), but it wouldnt be recommended until after you're sure everything is fine.
That's my experience with it anyway.