ID 504825 - 3DProject doesn't work with the Hydra renderer on macOS with certain geometry

Problem summary
3DProject doesn't work with the Hydra renderer on macOS with certain geometry 
 
Customer reported version
nuke.13.1v2
 
Customer reported platform
mac.12
 
Steps to reproduce
 
1) Download attached projection.nk and test.abc file

2) Open Nuke and opening the projection.nk script

3) Zoom out, the projection does not display correctly:
 
Expected behaviour
For the image to be projected onto the geometry:

 
Actual behaviour
The geometry is displayed untextured:

 
Workaround
Press S over the Viewer to open the Properties>3D> change the renderer to from Hydra (Storm) to Nuke
 
Reproduced by support
This bug has been reproduced in:
Nuke 13.1v3 - macOS Big Sur
Nuke 13.1v1 - macOS Big Sur
 
Unable to reproduce bug in:
Nuke 13.1v3 - Windows 10, CentOS 7
 
Earliest version tested
Nuke 13.1v1- Hydra renderer did not exist before this version on macOS