Need sometimes to create a "Refeernce Point" to the intersection of a plane and an axis perpendicular to that plane.

When trying to do this, I get an error message "Failed to create a reference point" and it won't work.

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Edited:
This is obviously not possible but it would be helpful if it were.

A "Reference Point" is created same way as a new layer or axis from the "Reference Geometry" -Flyout Toolbar (or Insert-Reference Geometry-Point).