IFC Import ignores global origin

Hi all

When using File > Import > IFC, with Ignore Storey Containment unticked, the DGN files created do not seem to use the correct seed file. Either that or the import process ignores the global origin and imports the IFC into "true"  space. i.e. the IFC model imports many km outside of the SWA, despite the coordinate system being set correctly.

Does anyone see similar problems, and does anyone have a fix?