Secondary or multiple remelted alloys are common materials used in foundries. For secondary (recycled) Al-Si-Cu alloys, the major problem is the increased iron presence. Iron is the most common impurity and with presence of other elements in alloy creates the intermetallic compounds, which may negatively affect the structure. The paper deals with effect of multiple remelting on the microstructure of the AlS9iCu3 alloy with increased iron content to about 1.4 wt. %. The evaluation of the microstructure is focused on the morphology of iron-base intermetallic phases in caste state, after the heat treatment (T5) and after natural aging. The occurrence of the sludge phases was also observed. From the obtained results can be concluded that the multiple remelting leads to change of chemical composition, changes in the final microstructure and also increases sludge phases formation. The use of heat treatment T5 led to a positive change of microstructure, while the effect of natural aging is beneficial only to the 3rd remelting.