Douglas, looking again at the wiring diagram on the back of the switch, it looks like a single pole, double throw switch - in one position it connects the black to the white and in the other position the white to the green. If you wire the green (ground) to the switch as shown, the saw will not be grounded through the green wire when power is going to the saw - not safe.
That switch would work for 120 volt, if you connected green directly to green - the ground must be continuous, not switched.
For 240 volt power, you need a double pole switch.
I'm not confident you should use that switch without checking with an electrician. Incorrect wiring could fry your saw, or worse, cause a fire, or worst, kill you.
Jim