ID 332744 - The colorspace that is defined in the settings does not get applied to imported clips

Problem summary
Color Management settings do not work. Files will be imported as the default colorspace, regardless of what the settings have been changed to. This bug still occurs whether it is changed in Preferences (Edit > Preferences > Color Management) or in the Project Settings (Project > Edit Settings > Color Management).

Customer reported platform
centos6

Steps to reproduce

1) Open Hiero.

2) Open Project Settings, and then the Color Management tab.

3) If your settings are at default, the Log Files dropdown should already be set to Cineon. Change this from the dropdown menu to something else, for example AlexaV3LogC.

4) Import a dpx sequence (File > Import File(s)...)

5) Right click the clip > Set Media Color Transform. Notice that it is set to Cineon, rather than what it had been set to in Step 3.

Workaround
Manually change the colorspace by right clicking the clip > Set Media Color Transform and select the colorspace from there.

Reproduced by support
This bug has been reproduced in:
Hiero 11.1v1 - Windows 10 - Linux CentOS 7 - Mac OSX El Capitan
NukeStudio 11.1v1 - Windows 10 - Linux CentOS 7 - Mac OSX El Capitan

Unable to reproduce bug in:
Hiero 11.0v4 - Windows 10 - Linux CentOS 7 - Mac OSX El Capitan
NukeStudio 11.0v4 - Windows 10 - Linux CentOS 7 - Mac OSX El Capitan

Earliest version tested
Hiero 11.0v4 - Windows 10 - Linux CentOS 7 - Mac OSX El Capitan
NukeStudio 11.0v4 - Windows 10 - Linux CentOS 7 - Mac OSX El Capitan
- This issue no longer appears in this version and has regressed

Expected behaviour
The files should be imported with the colorspace that is defined in the Project Settings.

Actual behaviour
The files are imported with the colorspace 'Cineon' regardless of what is defined in the Project Settings.