Want to save some $$$, you can purchase this part 2nd hand at: Tap Holder for Granitime (Used)
It is a very sturdy part, that in our time we have yet to hear of one break.
This piece sits on top of the spring and holds the handle together.
Currently utilised on the GBG Slushie Machine.
Manufacturer Part Number: SL3GS82013A
Position Number in Exploded Diagram: GT08