Default path to "QML Utility" not working

Qt Creator by default registers an external tool "QML utility" under Tools > External > Qt Quick. This one doesn't work by default.

Most likely the default path of the tool has to be replaced:

Current path: %{CurrentProject:QT_INSTALL_BINS}\qml}
Suggested path: %{CurrentDocument:Project:QT_INSTALL_BINS}\qml}