So 'they' - whoever designed the shaft etc, perhaps Not Alta - put an O'ring groove into a shaft, instead of into the collar, as the vast majority of MC makers do with relation to the countershaft sealing.
For a bike with, generally, such intelligent design, this ranks as base foolishness. This sort of thing Will happen to other Altas. If , what I think is a collar, is used, it might be a good idea to do a group buy of a re-engineered 'countershaft', with a collar to take a seal. It doesn't have to be an Oring, quite a few designs have low profile seals.