The invention provides a high-conductive heat-resistant aluminium alloy conductor and a preparation method thereof. The aluminium alloy conductor comprises the following chemical components by weight percent: 0.1-0.3% of Zr, 0.02-0.2% of Y, 0.01-0.15% of Sc and the balance of Al and other inevitable impurity elements, wherein the total amount of the other inevitable impurity elements is not more than 0.15%. The aluminium alloy conductor is prepared by the following steps: aluminium ingot fusion, boronizing, refining, alloying, secondary refining, direct water-cooling and continuous casting, annealing, drawing, stabilizing and the like. In the preparation method, the impurity content of the aluminium ingot is strictly controlled by the boronizing and the secondary refining, the conductivity of an aluminium alloyrond bar is ensured; through the stabilization treatment of a single aluminium alloy line, the conductivity of the heat-resistant aluminium alloy conductor is further improved, and the obdurability and twisting performance of the heat-resistant aluminium alloy conductor are regulated, so that the prepared aluminium alloy conductor has the characteristics of high conductivity and heat resistance, thereby meeting the requirements of industry on the performance of the aluminium alloy conductor and especially being suitable for manufacturing high-conductive heat-resistant cables.