Clip transition applies to lower layers

Actually, looking at other solutions mentioned, the best workaround that I can come up with is the one mentioned here:

Just adding an Alpha channel adjust filter with default settings will have the desired effect and no visible side-effects.

So, if anyone will start working on this bug, investigate the result of applying this filter vs no filter.
See this in action here:
workaround.zip (1.8 MB)