Managed Metadata "Default Value" field not showing up

Hi,

I have a question regarding Managed Metadata.

After assigning a "Default Value" (Term) for a column called >Topic< under Document Library Settings, the value is set and all looks well.

Upon uploading a document (any type) through the "Upload Document" ribbon or by using Explorer View, I can see the default term has been tagged correctly and displays in the column.

When I create a new document using the "New Document" option in the ribbon, save, then close - when I refresh the doc library the value has not been applied by default to the document.

Any ideas would be much appreciated. I initially thought this might be related to the content types??

Thanks,

Edd